pt-central-proteinaprima-mandates-barclays

PT Central Proteinaprima mandates Barclays

The Indonesian shrimp producer readies a debut dollar bond which is rumoured to be a five-year $250 million offering.
June 13, 2007
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...
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