PT Central Proteinaprima CPP, one of the worldÆs largest vertically-integrated shrimp producers and processors, has mandated Barclays Capital as sole bookrunner for its proposed Reg-S, 144a US-dollar senior secured bond. The bookrunners have not specified the issue size or tenor, although there is talk of a five-year $250 million offering, marking the companyÆs debut in this market.
Having just completed a non-deal roadshow, CPP is due to conduct investor presentations in Singapore tomorrow, and Hong Kong, London and New York on June 15, 18, and 19.
Fitch Ratings today assigned a long-term foreign currency issuer default of B. CPP has become increasingly leveraged as a result of the ongoing acquisition of Dipasena...
¬ Haymarket Media Limited. All rights reserved.