Thailand’s Minor International plans 10 billion baht more debentures

By Marisa Wong

Madison, Wis., Aug. 22 – Minor International PCL’s board of directors approved the proposed issuance of additional debentures totaling up to 10 billion baht, according to a company announcement.

The additional debentures may be issued in one or more tranches denominated in baht or other currencies.

Including the company’s 10.2 billion baht of debentures approved by shareholders in 2011, the combined total amount is not to exceed 20.2 billion baht.

The proposed issuance is subject to shareholders’ approval at an upcoming meeting.

Minor is a hospitality company based in Bangkok.

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