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Euromoney, May 2016

As bond deals go, it wasn’t the biggest: a $300 million five-year print with a modest $450 million book. But Olam’s April issue told us a lot about the company’s rehabilitation and the long-awaited comeback of debt capital markets issuance from Asia.

Seven years ago Olam was a rising star, an impeccably-connected soft commodities group with a model of dominating the supply chain from farm gate to consumer. It was the world’s largest supplier of cashew nuts and a big player in cocoa, cotton, teak and rice; it was one of the most active issuers and borrowers in Asia, flitting between the loan, equity, bond and convertible markets; and it was about to embark on an ambitious strategic plan to increase its intrinsic value four times over in the next six years.

Full article: http://www.euromoney.com/Article/3552232/Olams-return-signals-Asian-debt-revival.html.

Chris Wright
Chris Wright
Chris is a journalist specialising in business and financial journalism across Asia, Australia and the Middle East. He is Asia editor for Euromoney magazine and has written for publications including the Financial Times, Institutional Investor, Forbes, Asiamoney, the Australian Financial Review, Discovery Channel Magazine, Qantas: The Australian Way and BRW. He is the author of No More Worlds to Conquer, published by HarperCollins.

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