Published on 2/24/2016 in the Prospect News Emerging Markets Daily.
New Issue: Thailand’s Phatra Leasing sells 700 million baht 2.63%, 3.05% bonds due 2021, 2023
By Marisa Wong
Morgantown, W.Va., Feb. 24 – Phatra Leasing PCL said it issued 700 million baht of unsubordinated debentures in two tranches on Wednesday.
The company sold 500,000 five-year series 1 debentures at par of 1,000 baht to yield 2.63% and 200,000 seven-year series 2 debentures at par of 1,000 baht to yield 3.05%.
Phatra is a vehicle leasing company based in Bangkok.
| Issuer: | Phatra Leasing PCL
|
| Issue: | Unsubordinated debentures
|
| Amount: | 700 million baht
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| Settlement date: | Feb. 24
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|
|
| Series 1
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| Amount: | 500 million baht
|
| Maturity: | Five years
|
| Coupon: | 2.63%
|
| Price: | Par of 1,000 baht
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| Yield: | 2.63%
|
|
|
| Series 2
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| Amount: | 200 million baht
|
| Maturity: | Seven years
|
| Coupon: | 3.05%
|
| Price: | Par of 1,000 baht
|
| Yield: | 3.05%
|
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