By Marisa Wong
Morgantown, W.Va., Aug. 10 – Union Mosaic Industry PCL issued 500 million baht of 5.35% two-year debentures on July 14, according to a company announcement on Thursday.
The debentures were sold at par to institutional investors and high net worth investors, according to a Stock Exchange of Thailand notice.
Proceeds were used to redeem the company’s 5.2% three-year debentures issued in July 2014 at their maturity.
The Bangkok-based company makes and distributes floor, wall and mosaic tiles.
| Issuer: | Union Mosaic Industry PCL
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| Issue: | Debentures
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| Amount: | 500 million baht
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| Maturity: | July 15, 2019
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| Coupon: | 5.35%
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| Price: | Par
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| Yield: | 5.35%
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| Settlement date: | July 14
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