The sum was raised through a private placement to institutional investors and high net-worth investors.
The debentures were issued in three tranches — three-year maturing 2028 THB11,000 million zero coupon 1.72% p.a.; five-year THB24,000 million with a fixed coupon rate of 1.90% p.a.; 10-year maturing 2035 THB3,000 million with a fixed coupon rate of 2.37% p.a. and a call option exercisable after the fifth year.
Collectively, the debentures have a weighted average tenor of 4.82 years and a weighted average coupon rate of 1.89% p.a.
The proceeds will be used to repay existing debts including exercising the call options on two outstanding debentures in September 2025.
See also: Keppel REIT obtains three loan facilities totalling A$440 mil
Shares in ThaiBev closed 0.5 cents lower or 1.075% down at 46 cents on Aug 29.
