Thai Oil appoints bond underwriters

By The Nation

Thai Oil Plc has appointed Bangkok Bank, Kasikornbank, Krung Thai Bank and Siam Commercial Bank as the underwriters of its bonds, which will be placed for public subscription early February.

The bonds are rated "AA-" by Tris Rating.

Earlier, Thai Oil said it would issue Bt6 billion to retire debts, increase working capital and finance further expansion.

Viroj Mavichak, managing director, said the coupon rate would be unveiled after notification to the Securities and Exchange Commission.

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