"Debenture"

Property companies are facing problems in issuing debentures in the second quarter, and are having to take loans from banks, which will push up their costs.

PTT Global Chemical (PTTGC) is reviewing its investment plans for the post-Covid period, Kongkrapan Intarajang, PTTGC’s chief executive officer, said after the shareholders’ meeting on Tuesday (June 2).

The 17 savings cooperatives that have bought Thai Airways International (THAI) debentures have agreed to establish a committee to follow up on the repayment of these debentures, Poramate Intarachumnum, chair of the Cooperative League of Thailand, said on Tuesday (June 2).

The Cooperatives Promotion Department will meet 81 savings cooperatives that have bought Thai Airways International (THAI) debentures to negotiate the repayment of the Bt42 billion debt, which they are seeking on June 4.

The Bank of Thailand (BOT) said on Wednesday (April 15) that individual investors held the majority of private debentures at 70.7 per cent, totalling Bt2.54 trillion.

Listed property company All Inspire Development Plc filed a plan with the Thailand Securities and Exchange Commission (SEC) on Monday (September 16) to issue two-year debentures worth Bt700 million at an interest rate of 6.5 per cent.

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.

Global Power Synergy Plc (GPSC) plans to increase its registered capital worth Bt74 billion in order to reduce its debt of Bt134.5 billion, it said on Thursday. It borrowed from its parent companies including PTT Plc and PTT Global Chemical Plc, to acquire a major stake in Glow Energy Plc early this year.

Frasers Property Thailand’s Industrial Freehold & Leasehold REIT (FTREIT), which it calls the country’s largest industrial REIT, has issued debenture No 1/2019 amounting to Bt1 billion, divided into four- and seven-year debentures.

Real estate developer Risland (Thailand) successfully issued its inaugural Thai Baht debentures on July 24. 

Listed property firm Sansiri Plc will issue a three-year, 10-month debenture worth Bt4 billion from July 30-August 1 to finance its expansion this year, chief operating officer Wanchak Buranasiri said on Monday.

The board of listed property firm AP (Thailand) Plc has approved the issue of a three-year unsubordinated and unsecured debenture worth Bt500 million.