Olam repurchases $1 million 1% convertibles due 2013

By Devika Patel

Knoxville, Tenn., Dec. 22 - Olam International Ltd. said it bought back $1 million of its 1% convertible bonds due 2013 at 65 on Dec. 17.

The company said the amount of convertibles outstanding is $181.4 million.

Olam is a Singapore-based supplier of agricultural products and food ingredients.

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