2 approved for baht-bond issue
THE Finance Ministry has permitted two foreign entities to issue baht-denominated bonds or debentures in Thailand between September 1, 2016, and May 31, 2017, under certain conditions, according to the Bond Market Development Bureau of the ministry’s Pub
The two foreign firms are Trina Solar (Singapore) Science & Technology and KNM Group of Malaysia.
The ministry said it reserved the right to restrain any baht-denominated bond or debenture issuance if there appeared to be significant changes to the financial status or structure of the permitted entities, or if the permitted entities failed to perform according to the conditions stated in the approval letter.
For the next submission periods, qualified entities that may be interested in issuing baht-dominated bonds or debentures can submit their applications three times a year, in March, July and November.
