CHEWATHAI DEVELOPER TO ISSUE BT3 BN IN DEBENTURES THIS YEAR

Real Estate September 05, 2018 01:00

By The Nation

Listed property firm Chewathai Plc plans to issue a tranche of two-year debentures worth Bt1.2 billion, with a fix interest rate of six per cent this year to replace its existing debentures that will expire before the ned of the year, the company’s managing director Boon Choon Kiat said yesterday.



He added that this is a part of its business plan to issue debenture worth atotal of Bt3 billion this year and next. 

The company also expects its total revenue to reach Bt2.4 billion at the end of this year after announcing Bt1.4 billion in revenue and Bt150 million in net profit in the first half of this year, he said.