Olam plans rights issue of bonds with warrants

The deal may raise a combined $1.21 billion and comes as Muddy Waters accuses the Singapore-listed company of being too aggressive on spending and debt.
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Olam: Investing in upstream production of cocoa and other agricultural commodities has been costly
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<div style="text-align: left;"> Olam: Investing in upstream production of cocoa and other agricultural commodities has been costly </div>

Olam International, the Singapore-listed supply chain manager and processor of agricultural products that has come under attack by short-seller Muddy Waters, is planning a renounceable rights issue of bonds with warrants that could result in a combined cash inflow of about $1.21 billion.

¬ Haymarket Media Limited. All rights reserved.

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