Siam Cement plans THB15bn bonds in March

Siam Cement plans THB15bn  bonds in March
Published: 24 January 2007

Siam Cement PCL, Thailand’s biggest industrial conglomerate, said on Wednesday it planned to sell up to THB15bn (US$429m) of 4-year bonds in March. 
 
The proceeds from the unsecured bonds would be used to refinance maturing debt and for new investment, the firm told the stock exchange. 
 
The bonds would be open for subscription from March 6 to 29 to both existing bondholders and the public. They would be issued on April 2, it said. 
 
The underwriters for the issue include Siam Commercial Bank , Kasikornbank and Bangkok Bank .
 
In 2006, Siam Cement sold bonds worth a combined 25 billion baht in tranches to refinance maturing debt.