By Marisa Wong
Madison, Wis., Feb. 14 - Sri Trang Agro-Industry PCL said it issued 900 million baht of unsubordinated debentures in two tranches on Wednesday.
The first tranche, totaling 300 million baht, consisted of three-year debentures with a fixed coupon of 4.1%.
The second tranche was 600 million baht of five-year debentures with a fixed coupon of 4½%.
Proceeds will be used for working capital and business expansion.
Sri Trang is a rubber company based in Bangkok.
| Issuer: | Sri Trang Agro-Industry PCL
|
| Issue: | Unsubordinated debentures
|
| Amount: | 900 million baht
|
| Settlement date: | Feb. 13
|
|
|
| Tranche 1
|
| Amount: | 300 million baht
|
| Maturity: | Feb. 13, 2016
|
| Coupon: | 4.1%, payable semiannually
|
|
|
| Tranche 2
|
| Amount: | 600 million baht
|
| Maturity: | Feb. 13, 2018
|
| Coupon: | 4½%, payable semiannually
|
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