Dollar bond hopeful NutiFood delays international debut

Modern Dairy, cows
By Addison Gong
22 Oct 2019

Vietnamese dairy producer NutiFood Nutrition Food Joint Stock Company has postponed a planned three year dollar bond, but said it has not given up hope of returning to the debt market later.

Sole global co-ordinator and bookrunner HSBC announced bookbuilding for the deal at the 9.25% area on Monday morning, before pulling the 2022 transaction.

The company, a private dairy product manufacturer, was said to be targeting between $150m and $200m from the Reg S transaction, which would have been ...

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