Thoresen Thai Agencies convertible bonds sold out and listed on the Singapore Exchange
After an overwhelming response from investors, the US$ 169.80 million convertible bond issue was listed on the Singapore Exchange Securities Trading Limited (“Singapore Exchange”) today and will be used to fund a shipping fleet renewal and expansion plan by refinancing its secured long-term debt and strengthen its business potential.
M.L.
Chandchutha Chandratat, Managing Director of Thoresen Thai Agencies Public Company Limited (“Thoresen”), said that Thoresen sold convertible bonds in a total amount of US$ 169,800,000 to foreign investors on 19 September 2007. The funds were received and the convertible bonds were issued on 24 September 2007. The bonds were then listed today on the Singapore Exchange. Admission of the Bonds to the Official List of the SGX-ST is not to be taken as an indication of the merits of the Bonds. For More Information
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