Thailand’s Major Development plans up to 3 billion baht of debentures

By Marisa Wong

Madison, Wis., March 2 – Major Development PCL is proposing to issue up to 3 billion baht of debentures, according to a company announcement.

The debentures may be denominated in baht or other currencies.

The company plans to use proceeds for business expansion and to redeem existing debentures.

The proposed issuance is subject to shareholder approval at an upcoming meeting.

The property developer is based in Bangkok.

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