Singapore’s Yoma plans offering of Thai baht-denominated bonds

By Sarah Lizee

Olympia, Wash., Jan. 9 – Yoma Strategic Holdings Ltd. announced a proposed issue of Thai baht-denominated guaranteed bonds.

The bonds will be unconditionally and irrevocably guaranteed by Credit Guarantee and Investment Facility, a trust fund of the Asian Development Bank, according to a notice.

Proceeds will be used for general corporate purposes, including to refinancing existing debt, and to fund capital expenditures.

Yoma is a Singapore-based investment holding company that engages in real estate, automotive and heavy equipment, consumer, financial and investment businesses.

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