China Fishery subsidiary plans roadshow for proposed fixed-rate notes

By Jennifer Chiou

New York, July 16 - The board of directors of China Fishery Group Ltd. announced that its indirect wholly owned subsidiary CFG Investment SAC plans to issue fixed-rate senior notes.

According to a filing with the Hong Kong Stock Exchange, the notes will be issued to institutional investors, and a roadshow is anticipated to begin on Wednesday.

The joint leads include HSBC Ltd., Merrill Lynch International, Standard Chartered Bank, ANZ Banking Group Ltd., Jefferies & Co., Inc., Rabo Securities USE, Inc. and Deutsche Bank AG, Singopore Branch.

Potential proceeds are earmarked for the expansion of the group's fishing operations in the North Pacific Ocean, the repayment of debt and the financing of working capital.

China Fishery is a Hong Kong-based company that manages and operates fishing vessels for coastal and deep sea industrial fishing.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.