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Banpu Power files for up to $600m IPO
Banpu Power, the utility unit of Thailand's top coal miner Banpu, has filed for an initial public offering worth up to US$600 million (Bt21.8 billion), International Financing Review reported yesterday, citing sources familiar with the deal.
The company’s parent plans to sell a stake of 35 per cent or less in the IPO, slated for the first half of 2016, added IFR, a Thomson Reuters publication.
Banpu did not immediately reply to a Reuters e-mail seeking comment on the IPO plans. –Reuters
Thai news broadcast in Australia
News programmes from Thai Public Broadcasting Service are now available for the Thai community in Australia, according to Special Broadcasting Service, an Australian public-broadcasting radio, online and television network.
Thai is among 11 foreign languages |to be introduced this month on “World Watch” international-language bulletins |on the SBS 2 channel to cater to the |growing Southeast Asian communities in Australia.
Thai PBS’s news will be broadcast via satellite on weekdays between 2pm and 2.30pm local time.
PTT to issue debentures worth up to Bt4.2 billion
PTT’s six-year, 27-day debentures maturing on November 15, 2021, offer a coupon of 3.5 per cent, Wirat Uanarumit, chief financial officer, said yesterday.
There will be two subscription periods for two classes of investors – October 8-9 and 12 for holders of PTT debentures due on October 17, and from October 14-16 for retail investors if there are any debentures remaining.
PTT has mandated Bangkok Bank, Kasikornbank, Krungthai Bank and |Siam Commercial Bank as joint lead underwriters.
The issue is part of PTT’s debenture loyalty programme. This issuance has the objective of maintaining existing retail investors, primarily holders of PTTC15OA and/or PTTC15OC.
