Gulf Energy prepares for debentures sale

Corporate December 17, 2018 11:29

By The Nation

Gulf Energy Development Plc has appointed Bangkok Bank, Kasikornbank and Siam Commercial banks as underwriters for the sale of Bt10 billion worth of its debentures.

The company has already applied to the Securities and Exchange Commission and expects the sale to proceed in January.

Gulf Energy will spend the revenue earned in the sale on expansion in 2019 and 2020, senior executive vice president and chief financial officer Smith Banomyong said on Monday.

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