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Thai Airways plans bond sale
Thai Airways International plans to sell Bt1 billion of seven-year bonds that will offer a coupon rate of 4.41 per cent, according to a filing on Friday to the Securities and Exchange Commission.
It will raise Bt2 billion by selling 10-year bonds with a coupon rate of 4.75 per cent, according to the statement. – Bloomberg
‘Keen interest’
Patong in Phuket and Cha-am in Phetchaburi province are still attractive property markets, property consultancy CBRE Thailand Co believes.
There has been a lot of interest lately in Marriott’s Courtyard hotels in those locations, which are up for sale. Bidders are from a wide geographical area. The 390-room Patong hotel in particular has attracted strong local and international interest.
The Cha-am hotel has 243 rooms.
Many international brands have expressed interest in managing hotels in those areas for long-term investment. – The Nation
Showroom upgrade
NK Auto Import Co announced yesterday that it was investing more than Bt200 million to upgrade its facility into Thailand’s largest one-stop, innovative Mercedes-Benz showroom and service centre, boasting the country’s first interactive showroom. – The Nation
Pushing Phuket
The Thailand Convention and Exhibition Bureau plans to promote Phuket as a meeting and incentives travel destination for the Oceania region at the Asia-Pacific Incentives and Meetings Expo from February 21-22 in Melbourne. – The Nation
