By Marisa Wong
Morgantown, W.Va., Feb. 14 – Richy Place 2002 PCL announced it will issue 360 million baht of unsubordinated debentures.
The three-year debentures are priced at par to yield 5.6%.
Asia Plus Securities Co. Ltd. is the distributor for the sixth issue debentures.
Shareholders had approved the issuance of up to 3 billion baht of debentures at the annual general meeting held on April 25, 2016. The company has since placed 1.14 billion baht of debentures in five tranches, not including the current tranche, leaving a balance of 1.86 billion baht.
Richy is a property developer based in Bangkok.
| Issuer: | Richy Place 2002 PCL
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| Issue: | Unsubordinated debentures, sixth issue
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| Amount: | 360 million baht
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| Maturity: | March 1, 2020
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| Coupon: | 5.6%
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| Price: | Par
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| Yield: | 5.6%
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| Announcement date: | Feb. 14
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| Settlement date: | March 1
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| Distributor: | Asia Plus Securities Co. Ltd.
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