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Construction firm boosts debentures

Construction firm CH Karnchang Plc has issued debentures worth Bt2.75 billion, up from the initial Bt2 billion target.



CEO Dr Supamas Trivisvavet said the package includes three years worth Bt820 million with a coupon rate of 2.6 per cent a year, four years worth Bt910 million with a coupon rate of 2.8 per cent and 10 years worth Bt1.02 billion with a coupon rate of 4 per cent. The three debentures have been rated “A-“ by TRIS Rating this month, the firm said.
Supamas said the successful sales of the debentures reflects the confidence in the company as well as its solid performance and leadership in the construction and infrastructure development business in Thailand.
Funds acquired will be used to pay off debts as well as finance operations and basic infrastructure investment, both domestic and overseas.

Published : July 27, 2018

By : The Nation