China Fishery Group , an industrial fishing company, has set an indicative yield of about 9.375 percent for its first global bond worth $200 million, a market source said on Thursday.

HSBC is handling the proposed seven-year offer, callable in four years.

China Fishery, whose shares are listed in Singapore, said on Dec. 1 that it planned to use about $103.6 million to repay a loan used to finance the acquisition of three Peruvian companies in October.

It said most of the remainder would be used to buy fishing vessels and fish-processing plants in Peru, and for other acquisitions outside of Peru.

The transaction is rated B-plus by Standard & Poor's and (P) B1 by Moody's Investors Service.

China Fishery is 31 percent held by Pacific Andes Holdings Ltd.