By Marisa Wong
Morgantown, W.Va., Feb. 17 – LPN Development PCL issued 210 million baht of three-year debentures on Wednesday, according to a notice.
The debentures are priced at par with a coupon of 3.7%.
KT ZMICO Securities 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 2015 and a second tranche totaling 250 million baht in September.
LPN is a condominium developer based in Bangkok.
| Issuer: | LPN Development PCL
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| Issue: | Debentures, third issue
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| Amount: | 210 million baht
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| Maturity: | Feb. 21, 2019
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| Coupon: | 3.7%
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| Price: | Par of 1,000 baht
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| Yield: | 3.7%
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| Distributor: | KT ZMICO Securities Co., Ltd.
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| Settlement date: | Feb. 17
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