September 22, 2017 / 2:58 AM / in a month

Minor to offer Bt2bn of notes

SINGAPORE, Sept 22 (IFR) - Minor International will offer Bt2bn of bonds with maturities of seven and 15 years during a two-day subscription period. The Bt1bn seven-year tranche will pay 2.91%, with a spread of 80bp over Thai government bonds, while the Bt1bn 15-year piece will pay 3.93%, with a spread of 109bp. Institutional and high-net-worth investors can subscribe to the bonds, rated A+ (Tris), on Monday and Tuesday. The Thai property developer will use the proceeds for debt refinancing. Siam Commercial Bank is sole lead manager and underwriter. (Reporting by Kit Yin Boey; Editing by Dharsan Singh)

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