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Olam holders to convert $34,000 of 1.2821% convertible bonds
By Jennifer Chiou
New York, June 29 - Olam International Ltd. announced that holders of $34,000 of its 1.2821% convertible bonds due 2013 have exercised their rights to convert their securities.
The company has canceled the converted bonds.
Following the conversions, $102.22 million of the bonds remains outstanding.
Olam is a Singapore-based provider of supply chain management for agricultural products and food ingredients.
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