Thailand’s Evolution Capital proposes 1.3 billion baht debentures

By Marisa Wong

Morgantown, W.Va., May 13 – Evolution Capital PCL is planning to issue up to 1.3 billion baht of debentures in one or more tranches, according to a company notice.

The debentures may be denominated in baht or other currencies and will have maturities of up to five years.

Proceeds are earmarked for business expansion and loan repayment.

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

Based in Bangkok, Evolution is focused on franchise restaurant, independent restaurant and budget hotel businesses in Asia.

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