China Fishery Takes Extra Month to Win Copeinca Bondholder Deal
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China Fishery Group Ltd., the Singapore-based anchovy seller facing credit-rating downgrades, extended an effort to change bond terms at its Peruvian unit amid analyst predictions the deal won’t win over investors.
Corporacion Pesquera Inca SAC, the Lima-based unit known as Copeinca, pushed the deadline for bondholder approval of the offer to Sept. 18, according to a statement on the website at consent tabulation agent D.F. King & Co. The solicitation had been set for expiration today, after delaying the initial deadline from July 30.