Thoresen Thai Agencies has issued domestic debentures of Bt4 billion to refinance loans and maximise its strong financial position.
The debentures, which will be sold as a private placement to institutional investors, were launched in two tranches of Bt2 billion each, with maturity of five and seven years at fixed interest rates of 3.6 per cent and 3.82 per cent annually, respectively.
"TTA's sound financial position is reflected in a low debttoequity ratio and good cashflow coverage ratio. We continue to seek valueadded investments, and improved financial flexibility allows us to take advantage of various opportunities when they arise," said president and chief executive officer ML Chandchutha Chandratat.