Italian-Thai Development to price $200 million convertible debentures

By Devika Patel

Knoxville, Tenn., Dec. 12 - Italian-Thai Development PCL announced it plans to price a $200 million offering of convertible debentures.

The notes, with a maturity of up to seven years, will be convertible into up to 728 million ordinary shares at a price to be determined based on the company's share prices on the Thailand Stock Exchange.

Italian-Thai Development, based in Bangkok, is an infrastructure construction and civil engineering contracting company.

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