Thailand’s AEON Thana Sinsap plans up to $30 million debentures

By Marisa Wong

Morgantown, W.Va., Dec. 8 – AEON Thana Sinsap (Thailand) PCL announced it plans to offer up to $30 million of unsubordinated debentures with a term of up to five years.

The dollar-denominated debentures will be sold through a Japanese bank as underwriter.

Shareholders had previously approved the issuance of up to 8 billion baht equivalent of dollar-, yen- or baht-denominated unsubordinated debentures. The company has already issued 3.5 billion baht of debentures, leaving a balance of 4.5 billion baht.

Proceeds from the latest proposed bonds will be used for refinancing or general working capital.

AEON Thana Sinsap is a Bangkok-based financial company.

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