Thailand’s Land & Houses plans to up revolving bonds to 60 billion baht

By Marisa Wong

Morgantown, W.Va., Feb. 28 – Land & Houses PCL said its board of directors approved the issuance of up to 20 billion baht of additional revolving debentures at its meeting on Tuesday.

Shareholders had previously approved the issuance of 40 billion baht of revolving debentures. The latest proposal would bring the total amount of debentures to up to 60 billion baht.

The debentures may be denominated in baht or other currencies and have maturities of up to 10 years.

The property developer is based in Bangkok.

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