By The Nation
TUC’s debentures will be offered to high-net-worth investors and/or institutional investors. The debt instrument, which offers quarterly coupon payments with a minimum subscription of Bt100,000 and multiples of Bt100,000, has been assigned a “BBB+” rating with a “stable” outlook by TRIS Rating.
Bangkok Bank, Krungthai Bank, Kasikornbank, Siam Commercial Bank and CIMB Thai Bank are joint lead arrangers for the issuance.
The subscription period runs from January 21-23.
William Harris, group chief financial officer of True Corp, said on Monday “The Securities and Exchange Commission of Thailand has approved True Move H Universal Communication Company Limited to issue and sell unsubordinated and unsecured debentures with debenture-holders’ representative no1/2019.”
Tranche 1 debentures will mature in 2021, while Tranche 2 matures in 2024.