Chaoda re-launches bond

Chinese mid-cap launches roadshows for debut bond offering.

Chaoda Modern Agriculture launches roadshows today January 24 for a $200 million five-year issue. This marks the company's second attempt to access the international debt markets, having failed to complete a similar $200 million five-year in June 2004 via its house bank Credit Suisse First Boston.

Since then there have been a number of changes. Firstly Chaoda has added two new bookrunners - Deutsche Bank and Merrill Lynch, which has been upgraded from joint lead.

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