Thailand’s Daii Group proposes up to 2 billion baht debentures

By Marisa Wong

Morgantown, W.Va., March 21 – Daii Group PCL is proposing to issue up to 2 billion baht of debentures in one or more tranches with maturities of up to 10 years, according to a company announcement.

The debentures may be denominated in Thai baht or other currencies.

The issuer will be entitled to re-issue debentures on a revolving basis to replace redeemed or repaid debentures.

The proposed issuance is subject to shareholders’ approval.

Bangkok-based Daii Group manufactures, distributes and installs residential building components like fencing, doors and windows.

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