By Marisa Wong
Morgantown, W.Va., Dec. 14 – Precious Shipping PCL issued 1.96 billion baht of unsubordinated debentures on Dec. 9, according to a company announcement.
The 3½-year debentures were priced at par to yield 5%.
The company said it intends to swap the baht proceeds into dollars, because its functional currency is dollars.
Based in Bangkok, Precious Shipping owns and operates dry bulk vessels.
| Issuer: | Precious Shipping PCL
|
| Issue: | Unsubordinated debentures
|
| Amount: | 1.96 billion baht
|
| Maturity: | 3½ years
|
| Coupon: | 5%
|
| Price: | Par
|
| Yield: | 5%
|
| Call option: | None
|
| Settlement date: | Dec. 9
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
