Olam subsidiary ofi issues USD 300 million perpetual hybrid capital instrument
Bitget2026/09/23 23:15- Olam’s ofi issued USD 300 million of Perpetual Hybrid Capital Instruments in its first hybrid capital transaction.
- Proceeds earmarked to refinance existing debt, support general corporate purposes.
- Issuance structured via ofi Treasury B.V., subscribed by Melati DAC, a third-party SPV funded by committed bank facilities.
- ofi Treasury B.V. can redeem at any time; Olam Group and Olam International have put-event purchase obligations.
- Transaction not expected to materially change debt or gearing at ofi or Olam Group.
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