Ticon may borrow for dividend payment

Ticon Industrial Connection Plc plans to issue debentures worth Bt500-Bt1 billion, to raise fund for dividend payment.

Virapan Pulges, managing director of the company, said the company is conducting the feasibility study to raise funds for the dividend payment which is approximately Bt800 million. As the coupon rate could be around 4 per cent against low deposit rates, it is worthwhile to borrow to pay for the dividend rather than using the internal cashflow.

He said the issue should be finalised in April or May. The bond issue would carry 3-5 years of maturity.

He noted that the cashflow, if invested in new factory building, would generate the return of 20 per cent while a warehouse could generate 15 per cent in return.

- The Nation

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Ticon may borrow for dividend payment

Ticon Industrial Connection Plc plans to issue debentures worth Bt500-Bt1 billion, to raise fund for dividend payment.

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