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Thailand’s AEON to offer up to $15 million, 3 billion baht debentures
By Marisa Wong
Morgantown, W.Va., July 7 – AEON Thana Sinsap (Thailand) PCL announced it plans to offer unsubordinated debentures in tranches of up to $15 million and up to 3 billion baht.
Both the dollar-denominated and baht-denominated tranches will have a term of up to five years.
The dollar-denominated debentures will be sold through a Japanese bank as underwriter, while the baht-denominated debentures may be offered through a domestic private placement or through a public offering.
Shareholders had approved the issuance of up to 8 billion baht equivalent of dollar-, yen- or baht-denominated unsubordinated debentures at a meeting held on June 12, 2014.
Proceeds from the latest proposed bonds will be used for refinancing or general working capital.
AEON Thana Sinsap is a Bangkok-based financial company.
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