Bunge unit issues US$1bil debt notes to buy stake in IOI Loders

It is estimated that the plantation giant would distribute a special dividend of 13 sen per share upon completion of the proposed sale of its 70% stake in IOI Loders Croklaan Group BV.. (IOI Loders Croklaan Oils Sdn Bhd plant in Pasir Gudang. - Filepic)

PETALING JAYA: Bunge Ltd’s unit, Bunge Limited Finance Corp, has issued US$1bil of debt notes for the purchase of a 70% ownership interest in IOI Loders Croklaan Group BV from IOI Corp Bhd.

According to a statement posted on its website, Bunge Limited had priced a public offering of US$400mil aggregate principal amount of 3% senior notes due 2022 and US$600mil aggregate principal amount of 3.75% senior notes due 2027.