By Marisa Wong
Madison, Wis., May 16 - G J Steel PCL announced that it issued 283.4 million baht of 3% two-year debentures on Tuesday.
According to a Stock Exchange of Thailand notice, the company received shareholder approval on April 30, 2012 to issue up to 3 billion baht of debentures. On April 29, shareholders approved the issuance and allotment of up to 282 million baht to creditors under the company's debt restructuring program.
The company said it issued another 508.36 million baht of the debentures, which will be used for future restructuring.
G Steel is a Bangkok-based integrated hot-rolled coil steel manufacturer.
| Issuer: | G J Steel PCL
|
| Issue: | Debentures
|
| Amount: | 283.4 million baht
|
| Maturity: | May 14, 2015
|
| Coupon: | 3%
|
| Settlement date: | May 14
|
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