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Thailand Credit Card Firm's Bond Issue Oversubscribed.

Bangkok Post (Bangkok, Thailand)

| April 04, 2003 | COPYRIGHT 2003 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Darana Chudasri

Apr. 4--Krungthai Card's new debenture issue was 2.5 times oversubscribed, according to underwriters.

KTC yesterday announced it had successfully issued five billion baht worth of three-year senior debentures with a coupon rate of 2.75 percent.

The debentures, rated A- by Tris Ratings, are being underwritten by SG Asia Credit Securities.

Ek-Anong Phanachet, head of debt capital markets at SG Asia Credit Securities, said demand came from banks, mutual and provident funds and insurers.

Proceeds of the issue will be used by KTC to refinance existing debt and expand retail lending operations. The company ...

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Source: HighBeam Research, Thailand Credit Card Firm's Bond Issue Oversubscribed.

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