Though Syngenta agreed to settle the case in September for around $1.5 billion, according to a person familiar with the deal, S&P put Syngenta’s BBB- on ratings watch amid uncertainty over the details of the agreement. Syngenta is looking to sell $5bn in bonds after settling a case with US farmers over genetically engineered corn that was sold by the company before gaining regulatory approval from China. The deal will allow Syngenta, which has been under pressure for years as it faces competition from cheaper imports and new competitors, to raise $48bn, or about half of its total market capit@@
Syngenta is looking to sell $5bn in bonds after settling a case with US farmers over genetically engineered corn that was sold by the company before gaining regulatory approval from China. The deal will allow Syngenta, which has been under pressure for years as it faces competition from cheaper imports and new competitors, to raise $48bn, or about half of its total market capit@@