By Marisa Wong
Madison, Wis., June 12 – Eastern Water Resources Development and Management PCL (East Water) has priced 2.4 billion baht of unsubordinated debentures, according to a company notice.
The debentures will be issued in two tranches. The first tranche, totaling 1.2 billion baht, consists of seven-year debentures with a coupon of 3.84%. The second tranche, totaling 1.2 billion baht, consists of 10-year debentures carrying a coupon of 4.18%.
United Overseas Bank PCL is the underwriter.
The debentures will be issued on June 16.
The issuance makes up part of the 5 billion baht facility approved by shareholders in March 2011.
East Water is a water management company based in Bangkok.
| Issuer: | Eastern Water Resources Development and Management PCL
|
| Issue: | Debentures
|
| Amount: | 2.4 billion baht
|
| Underwriter: | United Overseas Bank PCL
|
| Settlement date: | June 16
|
| Rating: | TRIS Rating: A+
|
|
|
| Tranche 1
|
| Amount: | 1.2 billion baht
|
| Maturity: | Seven years
|
| Coupon: | 3.84%
|
|
|
| Tranche 2
|
| Amount: | 1.2 billion baht
|
| Maturity: | 10 years
|
| Coupon: | 4.18%
|
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