MINT completes Bt2-billion debenture issuance
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Minor International (MINT) announced on Monday that it had successfully completed a Bt2-billion debenture issuance, its second such placement this year, following the issuance of US dollar-dominated debentures to the tune of $50 million in July.
The new baht-dominated debentures were offered in two tranches, with maturities of seven and 15 years.
Due to the high demand, MINT secured very attractive interest rates of 2.91 per cent for the seven-year debentures and 3.93% for the 15-year debentures.
The new debentures were rated “A+” by TRIS Rating.
The proceeds from both the baht- and dollar-dominated issuances will be used to support business expansion and refinance some of the company’s outstanding debt.
