BTS Group holders convert 209 million baht of convertibles due 2016

By Marisa Wong

Madison, Wis., Aug. 28 - BTS Group Holdings PCL said that five holders of its convertible bonds due 2016 exercised their conversion rights in the period between Aug. 20 and Aug. 28. The holders elected to convert 209 million baht of the bonds at a price of 5.12 baht per share, according to a company notice.

The bonds were converted into 40,820,310 ordinary shares on Aug. 28.

BTS issued 10 billion baht of the bonds to investors outside of Thailand in January 2011. Following the latest conversion, the outstanding principal amount of the bonds is 9.49 billion baht.

BTS is a Bangkok-based mass transit services provider and property development company.

© 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.