By Marisa Wong
Morgantown, W.Va., Feb. 10 – Safari World PCL’s subsidiary, Phuket FantaSea PCL, completed the issuance of 550 million baht of 6% two-year debentures in four tranches, the most recent of which settled on Dec. 9, according to a Stock Exchange of Thailand notice on Wednesday.
Phuket FantaSea sold at par 200 million baht of tranche 1 debentures, 50 million of tranche 2 debentures, 220 million baht of tranche 3 debentures and 80 million baht of tranche 4 debentures.
Asia Wealth Securities Co. Ltd. was the underwriter.
Proceeds were used for working capital and for the Carnival Magic project, a new theme park in Phuket, Thailand.
Based in Bangkok, Safari World operates leisure parks.
| Issuer: | Phuket FantaSea PCL
|
| Issue: | Debentures
|
| Amount: | 550 million baht
|
| Maturity: | Two years
|
| Underwriter: | Asia Wealth Securities Co. Ltd.
|
| Coupon: | 6%
|
| Price: | Par of 1,000 baht
|
| Yield: | 6%
|
|
|
| Tranche 1
|
| Amount: | 200 million baht
|
| Maturity: | July 21, 2017 and July 28, 2017
|
| Settlement dates: | July 23, 2015 and July 28, 2015
|
|
|
| Tranche 2
|
| Amount: | 50 million baht
|
| Maturity: | Aug. 14, 2017
|
| Settlement date: | Aug. 14
|
|
|
| Tranche 3
|
| Amount: | 220 million baht
|
| Maturity: | Nov. 30, 2017
|
| Settlement dates: | Nov. 30 and Dec. 3
|
|
|
| Tranche 4
|
| Amount: | 80 million baht
|
| Maturity: | Dec. 9, 2017
|
| Settlement date: | Dec. 9
|
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