Business Services Industry
Dealers Bullish on B21.7bn TelecomAsia Debentures.
Knight Ridder/Tribune Business News, September, 2002
Bangkok Post, Thailand Knight Ridder/Tribune Business News
Sep. 21--Bond dealers say they are confident that TelecomAsia's 21.75-billion-baht debenture issue next month will be fully subscribed by investors.
The issue, the country's largest and longest-dated corporate debenture issue, is in two lots. The first consists of 4.4 billion to 6.75 billion baht in bonds due in 2010 paying a floating coupon equal to bank minimum lending rates.
The debentures carry a rating of A from Thai Rating and Information Services, with half the debentures guaranteed by the International Finance Corporation, the investment arm of the World Bank.
The second lot consists of up to 10 billion to 15 billion baht in debentures due in 2008 and paying a...
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