• Sat
  • Jul 12, 2014
  • Updated: 5:02pm

CP Pokphand considers FRN for US$100m

PUBLISHED : Wednesday, 08 March, 1995, 12:00am
UPDATED : Wednesday, 08 March, 1995, 12:00am

C P POKPHAND says it is considering a floating-rate note issue to raise US$100 million to be offered to professional and institutional international investors.


The notes will have a five-year term and will not be convertible into any securities of the company or its subsidiaries.


At September 30, 1994, the company's total short-term debts were US$140.53 million, adjusted to $119.40 million to take into account the proposed issue.


Total long-term debts were $222.13 million, adjusted to $294.46 million.


Total capitalisation was $620.84 million, adjusted to $672.03 million.


The company's unaudited profits attributable to shareholders for the nine months to September 30, 1994, were $32.11 million, down from $37.12 million for the same period of 1993.


Net asset value per share also dropped, from 12.86 to 12.14 cents.


C P Pokphand has appointed B T Asia to arrange the issue.


Share

For unlimited access to:

SCMP.com SCMP Tablet Edition SCMP Mobile Edition 10-year news archive
 
 

 

 
 
 
 
 

Login

SCMP.com Account

or