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BMCL gets loan to buy trains.
Bangkok Metro Co (BMCL), a subsidiary of Ch. Karnchang Plc (CK), has signed a syndicated loan contract worth 11.15 billion baht with local banks led by Krung Thai Bank Plc (KTB) to fund the procurement of electric trains and equipment to operate the country's first subway system.
The 15 - year loan contract commits KTB to provide 4.3 billion baht, Thai Military Bank Plc (TMB) 3.2 billion baht, Bank of Ayudhya Plc (BAY) 2.5 billion baht and Siam City Bank Plc (SCIB) 1 billion baht.
BMCL is expected to pay a fixed annual rate of 7.75 percent during the first 24 months and Minimum Lending Rate (MLR) plus 0.25 percent until all phases …
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