Harneys leads on Charoen Pokphand Foods international bond issuance

Leading capital markets experts Harneys represented CP Foods Capital Limited on its US$275 million bond issuance and listing on the Singapore Stock Exchange.

CP Foods Capital Limited is a newly incorporated British Virgin Islands subsidiary of Thai-listed Charoen Pokphand Foods Public Company Limited. Harneys delivered BVI advice on the issuance of exchangeable bonds due 2025 exchangeable into shares in Charoen Pokphand Foods Public Company Limited.

The Charoen Pokphand Group is one of the world’s largest conglomerates, headquartered in Thailand and with eight business lines covering 13 business groups, as well as investments in 21 different countries and an estimated US$63 billion annual revenue.

The Harneys acted on instructions from onshore counsel Linklaters, Singapore.