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Thai Banpu Power prices IPO at top end of range, raising $389 mln - IFR
October 14, 2016 / 3:32 AM / a year ago

Thai Banpu Power prices IPO at top end of range, raising $389 mln - IFR

BANGKOK, Oct 14 (Reuters) - Thailand’s Banpu Power has priced its initial public offering at 21 baht per share, the top end of its indicative range of 18-21 baht, to raise 13.6 billion baht ($389 million), IFR reported.

Books closed a day earlier on Thursday and were multiple times covered with demand from local and institutional investors, IFR said quoting a source close to the transaction.

The IPO comprises a public offer of 438 million shares and a preferential offer of 210 million shares to shareholders of its parent Banpu Pcl, according to IFR.

$1 = 34.8800 baht Reporting by S. Anuradha of IFR; Additional reporting and writing by Khettiya Jittapong; Editing by Sam Holmes

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