Sino-Thai Engineering plans to issue up to 3 billion baht of bonds

By Reshmi Basu

New York, March 8 - Bangkok-based Sino-Thai Engineering & Construction PCL said it plans to issue up to 3 billion baht of bonds.

The issuance will be structured in either one tranche or multiple tranches. The maturity will not exceed seven years.

Proceeds from the bond issue will be used as working capital, for business expansion and to repay part of the company's short-term loans.

A shareholders' meeting is scheduled for April 28 to consider the proposal.

© 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.