Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for Siam Cement PCL > News item |
Thailand’s Siam Cement to offer up to 10 billion baht of debentures
By Marisa Wong
Madison, Wis., July 30 – Siam Cement PCL plans to issue up to 10 billion baht of four-year debentures, according to a notice.
Proceeds will be used to redeem an existing issue of debentures totaling 5 billion baht. The extra 5 billion baht will be used to support operations and future investments.
The new debentures will be sold to holders of the existing debentures at a rights offering ratio of 1 to 1. New debentures not allotted to holders of the debentures to be redeemed will be offered to holders of the company’s other existing debentures and to individual investors who are not Siam Cement debenture holders.
The offer period will be Sept. 1 through Sept. 30.
Bank of Ayudhya PCL, Bangok Bank PCL, Kasikorn PCL, Krung Thai Bank PCL and Siam Commercial Bank PCL are the underwriters.
The company’s board of directors approved the issuance at a meeting on Wednesday.
The cement company is based in Bangkok.
© 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.