By Marisa Wong
Morgantown, W.Va., Sept. 25 – LPN Development PCL issued 250 million baht of three-year debentures on Friday, according to a notice.
The debentures are priced at par with a coupon of 4.1%.
PJK Capital Co., Ltd. is the distributor.
Shareholders had approved the proposed issuance of up to 2 billion baht of debentures in April 2010. The company issued a first tranche totaling 600 million baht in July.
LPN is a condominium developer based in Bangkok.
| Issuer: | LPN Development PCL
|
| Issue: | Debentures, second issue
|
| Amount: | 600 million
|
| Maturity: | Sept. 12, 2018
|
| Coupon: | 4.1%
|
| Price: | Par of 1,000 baht
|
| Yield: | 4.1%
|
| Distributor: | PJK Capital Co., Ltd.
|
| Settlement date: | Sept. 25
|
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