Issuing bonds to raise 40 billion baht
$ThaiBev (Y92.SG)$ The issuance of bonds raised 40 billion baht ($1.29 billion), which was oversubscribed by more than 1.52 times.
According to documents submitted the same day, Friday's offering included the initial required 35 billion baht capital and a 5 billion baht green shoe option. The average term of these bonds is 4.1 years, and the average coupon interest rate is 1.95% per annum.
The beverage giant will use bond proceeds to repay the same amount of a bridging loan, which expires in March 2023.
Bankok, KASIKORBANK, Krung Thai Bank, Ayutthaya Bank, Siam Commercial Bank, and Kiatnakin Phatra Securities are co-lead arrangers for this offering.
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102968938 : 1.95% is good for the company, cheap