BGH to redeem convertible bonds

 Issued in 2006, the 3.75 per cent bonds are listed on the Singapore Exchange.

 The company said that the board reached the decision following global financial crisis. The redemption would lower financial costs as well as minimise the potential dilution effect.

 In the statement to the Stock Exchange of Thailand, it said initially, a US$50 million budget is set.

 Working capital and/or fund mobilising and/or bank borrowing would be used forthe redemption.