By Marisa Wong
Madison, Wis., Aug. 24 - IRPC PCL said it issued 10 billion baht of debentures to institutional, high net worth and retail investors on Aug. 24.
The debentures were issued in four series - two through a public offering and two through a private placement - as follows:
• 1.5 billion baht of 4.35% series 1 bonds due Aug. 24, 2015 in a public offering;
• 600 million baht of 4.76% series 2 bonds due Aug. 24, 2018 in a public offering;
• 3.5 billion baht of 4.35% series 3 bonds due Aug. 24, 2015 via private placement; and
• 4.4 billion baht of 4.76% series 4 bonds due Aug. 24, 2018 via private placement.
Bangkok Bank PCL, Kasikornbank PCL and Siam Commercial Bank PCL were the joint lead underwriters.
The debenture issue is part of IRPC's four-year fundraising plan. The company received approval from shareholders in April 2010 to issue 20 billion baht of debentures between 2010 and 2013, inclusive.
The new debentures have been rated A-(tha) by Fitch Rating (Thailand) Ltd.
IRPC is a petrochemical company based in Bangkok.
| Issuer: | IRPC PCL
|
| Issue: | Debentures
|
| Amount: | 10 billion baht
|
| Underwriters: | Bangkok Bank PCL, Kasikornbank PCL and Siam Commercial Bank PCL
|
| Settlement date: | Aug. 24
|
| Rating: | Fitch (Thailand): A-(tha)
|
|
|
| Series 1
|
| Amount: | 1.5 billion baht
|
| Maturity: | April 24, 2015
|
| Coupon: | 4.35%
|
|
|
| Series 2
|
| Amount: | 600 million baht
|
| Maturity: | April 24, 2018
|
| Coupon: | 4.76%
|
|
|
| Series 3
|
| Amount: | 3.5 billion baht
|
| Maturity: | April 24, 2015
|
| Coupon: | 4.35%
|
|
|
| Series 4
|
| Amount: | 4.4 billion baht
|
| Maturity: | April 24, 2018
|
| Coupon: | 4.76%
|
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