Thailand’s Group Lease wants to lift debentures to 2.5 billion baht

By Marisa Wong

Morgantown, W.Va., March 15 – Group Lease PCL is proposing to increase the size of its debenture program to 2.5 billion baht, according to a Thailand Stock Exchange notice.

In 2013 the company had announced plans to issue up to 2 billion baht of bonds. In February 2014 the company issued 500 million baht of debentures, leaving a balance of 1.5 billion baht.

The company said that increasing the total amount of debentures will support its business expansion in the long run.

The proposal is subject to shareholders’ approval at an upcoming extraordinary general meeting.

Group Lease is a motorcycle leasing business based in Bangkok.

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