Louis Dreyfus Commodities BV Prices Successfully a US $350 MM Hybrid Capital Security as its Inaugural Transaction in the Capital Markets

Louis Dreyfus Commodities BV Prices Successfully a US $350 MM Hybrid Capital Security as its Inaugural Transaction in the Capital Markets PR Newswire AMSTERDAM, September 6, 2012 AMSTERDAM, September 6, 2012 /PRNewswire/ -- September 4, 2012, Louis Dreyfus Commodities (LDC) priced a highly successful US $350 MM, 8.25% coupon hybrid capital securities private placement transaction, targeting primarily the Asian and Swiss investors. This is LDC's inaugural transaction in the capital markets. The deal met with strong reception and the order book was more than three times oversubscribed. The high level of demand demonstrates the confidence that LDC receives from investors, as well as the company's acceptance as a reliable issuer. Serge Schoen, Chief Executive Officer of Louis Dreyfus Commodities "This transaction will enable LDC to increase its financial flexibility as well as diversify its sources of funding to support its growth strategy. It constitutes a landmark transaction in the long history of LDC as it marks our entry on the capital markets and we have been pleased by the level of interest from the investor community as itreflects investors' confidence in the strengths of LDC's business model and credit profile." These securities are perpetual but LDC has the right to redeem them in certain circumstances. The LDC bond offers an initial fixed coupon of 8.25% and is issued at par.