Thai Beverage (ThaiBev) has established a US$2 billion ($2.57 billion) multicurrency debt issuance programme on June 4.
The food and beverage (F&B) group will issue notes and perpetual securities denominated in any currency agreed upon between the group and relevant dealers under the programme.
The securities will be offered in Singapore under exemptions invoked under Sections 274 and 275 of the Securities and Futures Act 2001. Section 274 states that the exemptions refer to an offer of securities or securities-based derivatives contracts made to an institutional investor. Under Section 275, exemptions are made if the offer is not accompanied by an advertisement, does not have selling or promotional expenses paid or incurred and does not have a registered prospectus.
DBS has been appointed to act as the group’s sole arranger and dealer of the programme.
ThaiBev will be holding its 2025 annual information meeting for shareholders in Singapore on June 20.
Shares in ThaiBev closed 0.5 cents higher or 1.09% up at 46.5 cents on June 4.
