New York, Dec. 15 – LPN Development PCL issued 300 million baht of 3¾% four-year debentures in a private placement to institutional and major investors, according to an announcement from the company.
The debentures were sold at par.
Phatra Securities PCL was the distributor.
The debentures account for the remaining amount of a 2 billion baht issuance program authorized by shareholders at the annual meeting in 2010. LPN Development has previously issued 1.7 billion baht of debentures in nine offerings.
LPN Development is a Bangkok-based developer of residential condominiums.
| Issuer: | LPN Development PCL
|
| Issue: | Debentures
|
| Amount: | 300 million baht
|
| Maturity: | Dec. 15, 2021
|
| Coupon: | 3¾%
|
| Price: | Par
|
| Distributor: | Phatra Securities PCL
|
| Distribution: | Institutional and major investors
|
| Settlement date: | Dec. 15
|
| Rating: | Not rated
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
