IOL issued bonds on the Bolivian stock exchange

Headquartered in Santa Cruz, Industrias Oleaginosas S.A. (“IOL”) is a leading oil-seed crusher in Bolivia The Company issued a 5-year US$25.0 million dollar bond in the local Bolivian market in order to consolidate its working capital and accelerate future growth This was the first bond ever issued by the Company, and it was 100%-subscribed the first day of the issue by institutional and private investors This transaction represents the incursion of IOL into the Bolivian market Alpax acted as exclusive financial advisor to IOL