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Thailand Water Utility Refinances Foreign Debt with 4.1 Billion Baht Loan.
Byline: Parista Yuthamanop
Jun. 5--Kasikornbank has agreed to lend 1.15 billion baht to the Metropolitan Waterworks Authority (MWA) under a syndicated loan worth 4.1 billion baht to refinance foreign debt owed by the water utility.
Other banks in the syndicate are Citibank, Sumitomo Bank and Mizuho Bank.
The five-year loan would be swapped for foreign currency to repay loans owed by the MWA to the Japan Bank for International Co-operation (JBIC).
Kasikornbank president Prasarn Trairatvorakul said the MWA was the first state enterprise to apply for the Thai baht fixed-rate loans, after a number of similar deals had been arranged for ...
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