ThaiBev raises THB38,000 mil from debentures that were almost three times oversubscribed

Thai Beverage (ThaiBev) has successfully raised THB38,000 million ($1.51 billion) from issuing Thai Baht debentures that have been close to three times over subscribed.

The debentures, which are a long-term debt instrument, comprise an initial principal of THB 28,000 million and a greenshoe option of THB10,000 million. They have been assigned an AA(tha) rating by Fitch Ratings, which is considered investment grade.