Thailand’s Precious Shipping plans up to 10 billion baht debentures

By Marisa Wong

Morgantown, W.Va., Feb. 8 – Precious Shipping PCL’s board of directors approved the proposed issuance of up to 10 billion baht of debentures at its meeting on Monday.

The debentures may be denominated in currencies other than Thai baht and will have maturities of 20 years or less, according to a company notice.

The proposed issuance is subject to shareholders’ approval.

Based in Bangkok, Precious Shipping owns and operates dry bulk vessels.

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