Thailand’s Wiik & Hoeglund plans to offer 1 billion baht debentures

By Marisa Wong

Morgantown, W.Va., Feb. 23 – Wiik & Hoeglund PCL is proposing to issue 1 billion baht of debentures with maturities of up to five years.

The debentures may be sold in one or more tranches and may be denominated in Thai baht or other currencies.

Proceeds will be used for operations, to repay loans, for investments or as working capital.

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

Based in Bangkok, Wiik & Hoeglund manufactures and distributes polyethylene and polypropylene pipes and joints used in water drainage and sewage systems.

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