Wednesday, October 16, 2019

Bangchak to issue Bt10-bn debenture to support expansion

Sep 16. 2019
Chaiwat
Chaiwat
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By The Nation

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Oil firm Bangchak Corporation Plc plans to issue a debenture worth Bt10 billion to support its business expansion, the company’s president and executive officer Chaiwat Kovavisarach said on Monday.

Chaiwat said the company is ready to file to the Securities and Exchange Commission with the first phase of the debenture at Bt6 billion, and the next at Bt4 billion will be a “greenshoe”.

The debenture will have a five-year life.

“We will issue the debenture to support our business expansion plan,” he said.

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