Japfa nears upgrade after bond success

The KKR-backed company could get a credit boost from S&P after its latest $150 million bond sale.

Japfa nears upgrade after bond success

Japfa Comfeed Indonesia, a Singapore-listed producer of animal feed and poultry, dived into the international bond markets with a maiden $150 million bond sale on Thursday, as investors continue to load up on emerging-market bonds.

The Reg S sale was launched shortly after two Indonesia borrowers from opposite ends of the credit spectrum completed their fundraising exercise earlier this week, with a $3 billion dual-tranche offering from the Republic of Indonesia and a $150 million...

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