Thoresen Thai plans to offer up to 5 billion baht debentures

By Marisa Wong

Morgantown, W.Va., March 15 – Thoresen Thai Agencies PCL is proposing to issue up to 5 billion baht of debentures.

The bonds may be denominated in Thai baht or other currencies.

Proceeds will be used to repay debt, for investments and for other corporate purposes.

The proposed issuance is subject to shareholders’ approval at an upcoming meeting.

Thoresen is a Bangkok-based shipping company.

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