Deals this week: Dole Food Company, Ajinomoto


Dole Food Company has raised $300m through an international bonds offering.

The bonds will mature on 16 June 2025 and carry a coupon rate of 7.25% a year.

Based in the US, the issuing company produces, markets and distributes fresh fruits and vegetables.

"Ajinomoto will also acquire rights to sell the latter’s Mankai plant material exclusively in Japan."

Japan-based food company Ajinomoto has signed an agreement to invest $15m in Israeli venture firm Hinoman. The former will also acquire rights to sell the latter’s Mankai plant material exclusively in Japan.

Hinoman holds breeding rights to the aquatic plant duckweed in Israel.

Ajinomoto intends to establish a new business entity that will promote Mankai ingredients processed foods made using Mankai.