Thai Property Firm's Bond Issue 15 Times Oversubscribed.
By Darana Chudasri, Bangkok Post, Thailand Knight Ridder/Tribune Business News
Jun. 18--A900-million-baht amortising bond issue by Phatra Leasing was 15 times oversubscribed, underwriters said.
Nattarin Talthong, a vice-president at underwriter Kasikornbank, said the three-year bonds sold well due to Phatra Leasing's strong growth prospects. The bonds are priced at 2.65 percent annually.
Krirkchai Siribhakdi, president at Phatra Leasing Plc, said 70 percent of funds raised from the bonds would be used to refinance short-term debt with the res
In addition, make sure to read these premium articles also available with your free trial:
- ANZ sharpens Asian focus.(initiatives in Thailand, China)
- New Thailand Bond Issues to Ease in 2004.
- Thailand's TPI Polene Hints at Bond Issue to Follow Share Offering.
- Bangkok Post, Thailand, Business Briefs Column.
- Thailand Leasing Firm to Issue Bonds Worth 1.5 Billion Baht.
- Bangkok Post, Thailand, Ahead of the Curve Column.
- Thai Leasing Firm Plans to Sell Billion-Baht Bonds.
- Asian Bond Plan to Get Added Push at Summit.
- Asian Ministers to Discuss Fund to Invest in State Bonds.
- PTT Plc Plans 35 Billion Baht Bonds.
Print
Email
Digg It
del.icio.usSponsored Links
Site Map | Contact Us | FAQs | About Us | Media Kit | Reprints | RSS Directory | Sign Up for Free Newsletters | Disclosure Policy
Copyright © 1999 - 2008 AllBusiness.com, Inc. All rights reserved.
No part of this content or the data or information included therein may be reproduced,
republished or redistributed without the prior written consent of AllBusiness.com.
Use of this site is governed by our Copyright and Intellectual Property Policy, Terms of Use Agreement and Privacy Policy.
Online Business Database | Online Business Information | Email Marketing Lists | Sales and Marketing Solutions | Business Mailing Lists
AllBusiness.com, its parent company D&B, and its affiliates.
