Del Monte Pacific defers US$360m preference share offering

Singapore

A LACK of investor demand due to weak global market conditions has caused Del Monte Pacific, known for its pineapples and ketchup, to postpone an international offering of up to US$360 million worth of preference shares.

The offering was meant to refinance the company's bridge loan with Filipino bank BDO Unibank, which partially funded the company's US$1.7 billion acquisition of US company Del M…