By Susanna Moon
Chicago, Aug. 22 - AEON Thana Sinsap (Thailand) PCL (//AAA) notified the Stock Exchange of Thailand that it sold 2 billion baht of guaranteed unsubordinated debentures in two- and four-year tranches in a deal that will settle on Aug. 25.
In the first tranche, the company issued 1 billion baht of 4.59% bonds due Aug. 25, 2010 at par. In the second tranche, AEON sold 1 billion baht of 5.2% bonds due Aug. 25, 2012 at par.
Mizuho Corporate Bank, Ltd. will be the guarantor on both tranches, while Japan Bank for International Cooperation is a joint guarantor of the four-year debentures.
The offering was approved at a board meeting on Sept. 20, 2007. The company said shareholders approved issuing up to 5 billion baht of bonds on June 9, 2005. AEON issued 1.32 billion baht of bonds in June and July of 2005.
AEON Thana is a Bangkok-based financial company.
| Issuer: | AEON Thana Sinsap (Thailand) PCL
|
| Issue: | Guaranteed unsubordinated debentures
|
| Total amount: | 2 billion baht
|
| Settlement date: | Aug. 25
|
| Rating: | Fitch: AAA
|
|
|
| Tranche No. 1
|
| Amount: | 1 billion baht
|
| Guarantor: | Mizuho Corporate Bank, Ltd.
|
| Maturity: | Aug. 25, 2010
|
| Coupon: | 4.59%
|
| Price: | Par
|
| Yield: | 4.59%
|
|
|
| Tranche No. 2
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| Amount: | 1 billion baht
|
| Guarantors: | Mizuho Corporate Bank, Ltd. and Japan Bank for International Cooperation
|
| Maturity: | Aug. 25, 2012
|
| Coupon: | 5.2%
|
| Price: | Par
|
| Yield: | 5.2%
|
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