The first tranche comprises THB5 billion worth of debentures that will mature in 2027. These carry coupon rate of 3.08% per annum (p.a.).
Thai Beverage (ThaiBev) has issued debentures with an aggregate principal amount of THB22 billion ($829.2 million) in four tranches.
A debenture is a type of bond or debt instrument that have no collateral backing; it must rely on the trustworthiness and reputation of the issuer for support. In this case, the debentures backed by ThaiBev have been assigned an “AA (tha)” rating, which is considered investment grade for Fitch Ratings.
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