True issues bonds to fight debt

6 Oct 2008

Thai full-service telco True Corp is preparing to float THB5 billion (USD147 million) worth of bonds in the fourth quarter to help refinance its outstanding debts, reports the Bangkok Post. The company’s debt level at the end of June was THB110 billion; it has debt payments of THB5 billion due next year and a further THB10 billion due in 2010. Chief financial officer Noppadol Dej-udom said True would issue the bonds by the end of the year in the local market.

Thailand, True Corp