Appleby advised China Fishery Group Limited on its USD300 million Notes Issuance

11 Oct, 2012

Leading offshore firm Appleby acted as BVI and Cayman counsel for China Fishery Group Limited, on the issuance of USD300 million 9.75% fixed rate Senior Notes due 2019 by its wholly owned Peruvian subsidiary CFG Investment S.A.C.

The Notes are listed on the Singapore Exchange Securities Trading Limited and guaranteed by China Fishery Group Limited and certain of its wholly owned subsidiaries, which included thirteen BVI companies.

The Appleby team was led by Judy Lee, a Corporate Partner in Appleby’s Hong Kong office, assisted by Associate, Paul Cheuk. Davis Polk & Wardwell acted for the initial purchaser of the senior notes in respect of the Rule 144A/Regulation S offering by the company. Mayer Brown JSM acted for Citigroup International Limited, the trustee, and Baker & McKenzie advised CFG Investment S.A.C. as to US and Hong Kong law.   

The proceeds raised under the issuance of the convertible bonds will be used to fund the expansion of their fishing operations in the North Pacific Ocean.

China Fishery Group Limited is a Cayman company listed on the Singapore Exchange Securities Trading Limited. It is a global integrated fishing company with one of the largest volumes of ocean catch fish in the industry. 


Picture: Hong Kong

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