TTW to tap bond markets with debut issue
- From: Vol 10, Issue 2 (February 2009)
- Category: General
- Region: Asia
- Country: Thailand
- Related Companies: Ch. Karnchang, Mitsui Water Holdings, Pathum Thani Water, Standard Chartered Bank, Thai Tap Water Supply Co, Thanachart Securities and Tisco Securities
Thai Tap Water’s plan to borrow on the bond markets will allow it to finance much-needed capacity expansion. Managing director Sompodh Sripoom talks to GWI’s Rhys Owen about the way forward.
Thai Tap Water (TTW) announced at the start of February that it plans to issue up to THB 6.7 billion ($193 million) via a debut bond issue. It is a further sign of confidence for the Bangkok concessionaire after last year’s successful IPO.
The unsecured bonds, which will be issued in three fixed-rate tranches with maturities of three ...
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