Thailand’s E for L Aim to offer up to 1 billion baht of 6% debentures

By Tanya Meyer

Chicago, Jan. 11 – E for L Aim Public Co. Ltd. has approved plans to issue up to 1 billion baht of 6% debentures, according to a filing with the Stock Exchange of Thailand.

The debentures will have a term of up to three years and will be issued on a private placement basis.

Proceeds will be used to pay down debt to two lenders, and for general corporate purposes.

The company may also issue bills of exchange with maturities of up to 270 days.

E for L Aim is a Bangkok, Thailand-based advertising company.

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