THAI’s says debenture oversubscription sign of investor faith 
By The Nation

 

BANGKOK: -- Thai Airways International’s Bt8-billion senior unsecured debentures were oversubscribed, reflecting investors' confidence in the national flagship's good management, sustainable financial status and build-up of its long-term reference return, THAI said.

 

The debentures, which have Tris’ “A” rating with a stable outlook, consist of five tranches. 

 

The three-year, five-year and seven-year debentures are valued at Bt1 billion each. The 10-year debentures are valued at Bt2 billion and the 15-year debentures are valued at Bt2 billion.

 

Narongchai Wongthanavimok, vice president at THAI, said that the debenture issues were a part of the carrier’s debt management and the 15-year debentures were offered for the first time, allowing the company to better manage fixed costs for long-term financing and benefit from low interest rates.

 

Source: http://www.nationmultimedia.com/news/business/corporate/30318602

 

-- © Copyright The Nation 2017-06-20

16 hours ago, webfact said:

The debentures, which have Tris’ “A” rating

TRIS - Thai Rating and Information Services Co., Ltd. (TRIS) founded in 1993 as Thailand’s first credit rating agency. Initiated by Minister of Finance and Bank of Thailand to facilitate the development of domestic bond market. In this case bonds for a State-Owned company. Total bond value Bt5 billion - well within Thai military reserves if there were no other investors.