By Marisa Wong
Morgantown, W.Va., Oct. 6 – Minor International PCL issued 2 billion baht of debentures in two tranches of 1 billion baht each on Sept. 27, according to a notice.
The seven-year tranche 1 debentures have a fixed coupon of 2.91%, and the 15-year tranche 2 debentures have a fixed coupon of 3.93%. Both tranches were priced at par.
Minor is a hospitality company based in Bangkok.
| Issuer: | Minor International PCL
|
| Issue: | Unsubordinated debentures
|
| Amount: | 2 billion baht
|
| Call option: | No
|
| Settlement date: | Sept. 27
|
| Rating: | TRIS Rating Co. Ltd.: A+
|
|
|
| Tranche 1
|
| Amount: | 1 billion baht
|
| Maturity: | Seven years
|
| Coupon: | 2.91%
|
| Price: | Par
|
| Yield: | 2.91%
|
|
|
| Tranche 2
|
| Amount: | 1 billion baht
|
| Maturity: | 15 years
|
| Coupon: | 3.93%
|
| Price: | Par
|
| Yield: | 3.93%
|
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