China Fishery plans to sell $200 million seven-year senior notes

By Reshmi Basu

New York, Dec. 1 - China Fishery Group Ltd. said it plans to sell $200 million seven-year senior notes (B1) via HSBC.

A roadshow is expected to start on Monday.

Proceeds will be used to refinance a loan facility drawn down for the acquisition of Alexandra SAC in Peru, to repay certain loans, for general corporate purposes and to fund potential strategic investments, according by a ratings statement issued by Moody's Investors Service.

The group's principal activities are the management and operation of fishing vessels for coastal and deep sea industrial fishing and the sale of fish.

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