Ch Karnchang issues Bt2.5 bn bonds

By The Nation

Ch Karnchang Plc has set the 3-year bonds at 5.50 per cent per annum in the first two years and 5.90 per cent in the third year.

The 5-year bonds' rate is 5.50 per cent in the first two years and 6.30 in the later years.

It plans to issue no more than Bt2.5 billion senior unsecured bonds. Subscription is open during February 3-5, at Bank of Ayudhya. Proceeds will be used to expand business which includes the construction of Nam Ngum II hydro powerplant in Laos and a part of the Purple electric train line, and retire some debts.

The bonds are rated "BBB+" by Tris Rating.

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Ch Karnchang issues Bt2.5 bn bonds

Ch Karnchang Plc has set the 3-year bonds at 5.50 per cent per annum in the first two years and 5.90 per cent in the third year.

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