By Marisa Wong
Madison, Wis., Oct. 10 – Ananda Development PCL announced it issued 2.4 billion baht of unsubordinated debentures due 2016.
The debentures were priced at par with a fixed coupon of 5%.
Proceeds will be used to support business expansion, as working capital and as a revolving fund to replace current and/or future project finances.
Ananda said that shareholders approved in April 2014 the issuance of up to 6 billion baht of debentures. Combined with the 3 billion baht limit previously approved in April 2013, the company’s total debentures credit line is 9 billion baht, with about 2.4 billion baht unused until the current issuance.
The real estate developer is based in Bang Phli, Samut Prakan, Thailand.
| Issuer: | Ananda Development PCL
|
| Issue: | Unsubordinated debentures
|
| Amount: | 2,395,000,000 baht
|
| Maturity: | Oct. 9, 2016
|
| Coupon: | 5%
|
| Price: | Par of 1,000 baht
|
| Yield: | 5%
|
| Settlement date: | Oct. 9
|
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