Thai sugar firm KSL plans 10 bln baht bonds
BANGKOK, Jan 25 (Reuters) - Khon Kaen Sugar Industry KSL.BK (KSL), Thailand's fourth biggest sugar firm, said on Friday it planned to sell up to 10 billion baht ($303 million) of up to 20-year bonds to domestic and foreign investors.
Other details of the bonds, including timeframes and maturities, would be decided later and the plan was subject to shareholder approval in late February, the firm told the stock exchange,.
The firm said early this month it planned to issue one billion baht of bonds in mid-2008 to fund part of the cost of building sugar mills in Laos and Cambodia scheduled to begin production in early 2009.
Construction of a 900 million baht mill in Laos with a daily crushing capacity of 3,000 tonnes of cane would start this year, financed by cash and bank loans, KSL said in a statement.
At 0315 GMT, KSL shares were up 2.8 percent at 14.50 baht, while the Thai main index .SETI was 1.74 percent higher. ($1=33.05 Baht) (Reporting by Arada Therdthammakun; Editing by Michael Battye)
