Thailand's Siam Cement to issue up to 10 billion baht of debentures

By Marisa Wong

Madison, Wis., Aug. 22 - Siam Cement PCL announced that its board of directors approved the issuance of up to 10 billion baht of debentures at a meeting on Aug. 20.

The debentures will have a maturity of four years. Interest will be either a fixed rate until maturity or a fixed rate per year that can be reset during the four-year term.

The company said the new debentures will replace its existing debentures that will be retired for redemption on Nov. 1. The issue date for the new debentures is also set for Nov. 1.

The underwriters will include Siam Commercial Bank PCL, Kasikornbank PCL, Bangkok Bank PCL, Bank of Ayudhya PCL and Krung Thai Bank PCL.

TMB Bank PCL will be the trustee.

Following the issuance of the new debentures, the maximum principal amount of Siam Cement's outstanding debentures will be 110 billion baht.

Siam Cement is a cement company based in Bangkok.

© 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.