Thailand’s Grande Asset Hotels plans up to 4 billion baht debentures

By Marisa Wong

Morgantown, W.Va., Feb. 16 – Grande Asset Hotels and Property PCL announced it plans to issue up to 4 billion baht of debentures.

The debentures may be offered in one or more tranches with maturities of no more than five years and may be denominated in baht or other currencies.

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

Based in Bangkok, Grande Asset operates hotels in Thailand.

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