By Sarah Lizee
Olympia, Wash., Jan. 24 – Yoma Strategic Holdings Ltd. priced 2.22 billion baht of 3.38% five-year guaranteed bonds, according to a notice.
The interest rate represents a premium of 124 basis points above the equivalent maturity Thai government bonds.
The company said the bonds received strong interest and were more than 2.5 times oversubscribed.
The bonds are expected to be issued on Friday and will be unconditionally and irrevocably guaranteed by Credit Guarantee and Investment Facility, a trust fund of the Asian Development Bank.
Yoma said this is the first bond issuance by a Myanmar-focused company in the form of a Thai baht denominated guaranteed bond offering in Thailand.
Proceeds will be used for business expansion and general corporate purposes, including to refinancing existing debt.
Yoma is a Singapore-based investment holding company that engages in real estate, automotive and heavy equipment, consumer, financial and investment businesses.
| Issuer: | Yoma Strategic Holdings Ltd.
|
| Guarantor: | Credit Guarantee and Investment Facility
|
| Issue: | Guaranteed bonds
|
| Amount: | 2.22 billion baht
|
| Maturity: | Five years
|
| Coupon: | 3.38%
|
| Announcement date: | Jan. 24
|
| Settlement date: | Jan. 25
|
| Rating: | TRIS: AAA
|
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