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C.P. Foods redeems $65.6 million of put exchangeable bonds due 2021
By Marisa Wong
Morgantown, W.Va., Sept. 25 – C.P. Foods Holdings Ltd. announced it redeemed $65.6 million of its 0.5% bonds exchangeable into shares of CP ALL PCL due 2021.
The bonds were redeemed on Sept. 24 due to a put option exercise.
Following the redemption, $90.8 million of the original $300 million principal amount remains outstanding.
Citibank NA, London Branch was the agent.
The issuer is a subsidiary of Bangkok-based Charoen Pokphand Foods PCL, an agro-industrial and food conglomerate based in Bangkok.
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