MINT Announces the Issuance of Debenture for Refinancing and Increasing Working Capital
MINT Announces The Issuance of Debenture for Refinancing and Increasing Working Capital.
MINT Announces The Issuance of Debenture for Refinancing and Increasing Working Capital.
23 มิ.ย. 2563

Following yesterday’s report from “Kaohoon Online”, Minor International Public Company Limited (MINT) has officially announced the issuance of debenture on the morning of June 23, 2020.
 
MINT announced that the company has issued a new 3-year debenture in the amount of USD$300 million offering to foreign institutional investors, guaranteed by Bangkok Bank Public Company Limited (BBL), and sold through HSBC, ANZ, Merrill Lynch (Singapore) and Standard Chartered Bank.
The debenture has a 3.10% coupon rate per annum with a fixed rate to be paid semi-annually until the First Call Date (29 June 2023).
MINT asserted that the issuance of debenture is for the refinancing of existing indebtedness and for working capital purposes.
 
As a guarantor, BBL has Baa1, BBB+ and BBB by Moody’s, S&amp;P and Fitch, respectively, with all stable outlooks. Meanwhile, the issue rating is expected to be Baa2 by Moody’s and BBB by Fitch.