Golden Agri-Resources to price $400 million convertible bonds

By Evan Weinberger

New York, July 18 - Golden Agri-Resources Ltd. plans to price $400 million of senior unsubordinated convertible bonds.

Citigroup Global Capital Markets Singapore Pte. Ltd. and BNP Paribas, Singapore Branch are global coordinators of the bonds. Citigroup, BNP Paribas and UBS AG Singapore Branch are bookrunners for the Regulation S transaction.

Pricing is expected on July 27. The settlement date is expected to be Aug. 1.

Golden Agri-Resources, based in Singapore, manages oil palm plantations in Indonesia and China. The company plans to use the proceeds to finance the acquisition of shares in its subsidiaries P.T. Sinar Mas Agro Resources and Technology TBK, to finance the expansion of its plantations through acquisitions or joint ventures with third-party plantation companies and for general corporate purposes.

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