KBank named underwriter for Sansiri debentures
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Sansiri and Kasikornbank recently signed an agreement appointing KBank as the underwriter for Sansiri unsecured debenture No. 3/2017, totalling Bt2 billion, with a five-year term maturing in 2022.
The debentures carry an annual interest rate of 3.35 per cent, which will be paid every three months throughout their term, Sansiri said in a statement.
The debentures have been offered to the holders of every class of Sansiri debentures, before maturity expiration, on Tuesday and Wednesday this week, and will be available to the general public from September 18-21.
The minimum subscription is Bt100,000 with subsequent multiples of Bt100,000 each. Sansiri said it will use the proceeds from the issuance of debentures to purchase land for the company's new projects and/or as working capital for its business operations.
