TRUE CORP: To Issue THB4 Billion Worth of Debentures
Company Reporter, June 1, 2007
True Corp. PCL plans to issue secured
and unsubordinated debentures
amounting to at most THB4 billion, according to Reuters.
The details of the offering are:
* Set 1- Debentures amounting to at most THB1
maturity and 5.7% interest rate
* Set 2- Debentures amounting at most THB2
maturity and 6.2% interest rate
* Set 3- Debentures amounting to at most THB1
in 5 years with 6.8% interest rate.
TMB Bank PCL will act as register and paying agent.
True Corporation Public Company Ltd's -- http://www.truecorp.co.th/ --
principal activities are the provision of telecommunication services and
various value-added-services that includes: Digital Data Network Direct
Inward Dialing, Integrated Service Digital Network, Public Telephone,
Personal Communication Telephone Service, Multimedia and Internet
Service Provider. Other activities include training services,
online games, rental services and investment holding.
The Troubled Company Reporter - Asia Pacific reported that on November
22, 2006, Standard & Poor's Ratings Services assigned its BB-
long-term corporate credit rating to Thailand's third-largest cellular
operator, True Move Co. Ltd. The outlook is negative.
At the same time, Standard & Poor's assigned its B issue rating to
Move's proposed senior unsecured notes, assuming a debt size of about
The Troubled Company Reporter - Asia Pacific reported on
Nov. 27, 2006, that Moody's Investors Service affirmed True Corporation
Public Company Ltd's Ba3 corporate family rating and at the same time
changed the rating outlook to negative from stable.