Diamante Looks to Dollar Bonds

Peruvian fishmeal and oil producer Pesquera Diamante is counting an international bond issue as among its options to finance its expansion. Diamante had been considering an IPO, possibly in Norway, but will still look at other financing options before it decides, CEO Ricardo Bernales, tells LatinFinance. It must replace its short-term financing with something longer. He says it is still open to acquisitions in what is among Peru’s most rapidly consolidating industries. Diamante, however, is concentrating more on growing organically through developing new product areas, notes the executive.