Thailand's CP ALL plans up to 90 billion baht bond offering

By Marisa Wong

Madison, Wis., Aug. 7 - CP ALL PCL said its board of directors approved up to 90 billion baht of bonds at a meeting held on Wednesday.

The Bangkok-based company plans to use the proceeds from the bond offering to repay loans or for working capital.

The proposed issuance is subject to shareholders' approval at an extraordinary general meeting scheduled for Sept. 19.

CP ALL operates 7-Eleven convenience stores in Thailand.

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