Nam Ngum Power Company approved to issue baht-dominated bonds or debentures
Nam Ngum 2 Power Company (NN2PC) is being allowed by the Minister of Finance to issue baht-dominated bonds or debentures in Thailand from January 1, 2018 until September 30.
The approval is based subject to an agreement that NN2PC will use all proceeds of the bonds or debentures according to terms and conditions specified by the Ministry of Finance.
The Ministry of Finance reserves the right to restrain any baht-denominated bond or debenture issuance if there appears to be significant changes in the financial status or structure of the permitted entities or the permitted entities fail to perform according to the conditions stated in the approval letter.
The Ministry of Finance has also extended its appreciation to all applicants for their interests in baht-denominated bonds in the Thai bond market.
For the next submission periods, qualified entities who may be interested in issuing baht-dominated bonds or debentures will be able to submit their applications three times a year in March, July and November.
