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...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222