By Marisa Wong
Morgantown, W.Va., Aug. 17 – Thailand’s Thitikorn PCL announced it priced 800 million baht of three-year debentures at par to yield 2.56%.
This will be the company’s second debenture issue for 2017. The company sold 1 billion baht of 2.83% three-year debentures in February.
Shareholders had originally approved the issuance of up to 2 billion baht of debentures at a meeting held in April 2015 and then approved the issuance of up to 2.2 billion baht of debentures at a meeting held in April 2016.
Thitikorn is a Bangkok-based motorcycle and automobile hire-purchase company.
| Issuer: | Thitikorn PCL
|
| Issue: | Debentures, 2017 second issue
|
| Amount: | 800 million baht
|
| Maturity: | Aug. 18, 2020
|
| Coupon: | 2.56%
|
| Price: | Par of 1,000 baht
|
| Yield: | 2.56%
|
| Announcement date: | Aug. 17
|
| Settlement date: | Aug. 18
|
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