Thailand's AEON plans 3 bln baht bonds in Q4

BANGKOK, Aug 25 (Reuters) - Thai retail finance firm AEON Thana Sinsap AEON.BK said on Monday it planned to sell securitised bonds worth up to 3 billion baht ($88 million) in the fourth quarter of this year.

"We are studying issuing securitised bonds, which should be done in the fourth quarter. The amount should not be higher than 3 billion baht," executive finance director Kannika Kursirikul told reporters.

The proceeds from the bond issue would be used for business expansion, she said.

AEON, a unit of Japan's Aeon Credit Service (8570.T), operates credit card, leasing and personal loan businesses and competes with Krungthai Card KTC.BK and unlisted Easy Buy PCL.

AEON shares were unchanged at 32 baht on Monday morning, while the overall stock market .SETI was down 0.65 percent. ($1 = 34.18 Baht) (Reporting by Manunphattr Dhanananphorn; Writing by Khettiya Jittapong; Editing by Alan Raybould)