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First Dhanarak bond issue to total B9.5bn.

Bangkok Post (Bangkok, Thailand)

| May 09, 2005 | COPYRIGHT 2005 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: Parista Yuthamanop

May 9--Dhanarak Asset Development, a state-owned company under the Treasury Department, plans to issue 9.5 billion baht worth of bonds to retail and institutional investors in the third quarter to finance part of the new civil service complex on Chaeng Watthana Road.

The bonds will be divided into three tranches to suit the demands of each investor group. The first tranche will consist of four billion baht in bonds offered to retail investors. They will mature in 13 years, with a three-year grace period for the payment of principal.

The second tranche, worth two billion baht, will be offered to institutional investors ...

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Source: HighBeam Research, First Dhanarak bond issue to total B9.5bn.