East Coast Furnitech to issue up to 500 million baht of debentures

By Marisa Wong

Morgantown, W.Va., Feb. 24 – Thailand’s East Coast Furnitech PCL is proposing to issue up to 500 million baht of debentures.

The debentures may be issued in baht or other currencies.

The maturity of the bonds will not exceed 10 years.

Proceeds will be used to increase liquidity, to repay debt or for investments.

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

Based in Rayong, Thailand, the company manufactures furniture from rubber wood, particleboard and MDF materials.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.