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Analysis

Fitch: China Fishery must refinance bonds unless Copeinca bondholders budge

But China Fishery remains cash-generating in part thanks to pollock contract repayments, and risk of Copeinca bondholders not giving grace period for China Fishery to refinance bonds is low, says rating agency

By Undercurrent News | Aug. 26, 2014 10:33 BST
Anchovy fishing in Peru. Photo: Copeinca
Anchovy fishing in Peru. Photo: Copeinca
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China Fishery Group will have to "immediately" refinance Copeinca's $250 million bonds if Copeinca bondholders refuse a request to guarantee debt belonging to China Fishery, said Fitch Rating [...]

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