By Marisa Wong
Madison, Wis., July 23 – LPN Development PCL issued 600 million baht of two-year debentures on Thursday, according to a notice.
The debentures are priced at par with a coupon of 4%.
Proceeds will be used to develop present and future mega projects.
Asia Plus Securities PCL is the distributor.
The company previously proposed to issue up to 2 billion baht of debentures. Shareholders approved the proposed debentures in April 2010.
LPN is a condominium developer based in Bangkok.
| Issuer: | LPN Development PCL
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| Issue: | Debentures
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| Amount: | 600 million
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| Maturity: | July 24, 2017
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| Coupon: | 4%
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| Price: | Par of 1,000 baht
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| Yield: | 4%
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| Distributor: | Asia Plus Securities PCL
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| Settlement date: | July 23
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