Thai CP Foods plans $239 mln bonds this month

Mon Nov 2, 2009 6:18am EST
 
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BANGKOK, Nov 2 (Reuters) - Charoen Pokphand Foods CPF.BK, Thailand's largest chicken exporter, would sell bonds worth 8 billion baht ($239 million) to repay debt and for working capital, according to its filing with the Thai Stock regulator.

The "A+"-rated bonds would be divided into three tranches, with the four-year issue, worth 2 billion baht, carrying a coupon of 3.90 percent, and the five-year bonds, worth 3 billion baht, having a 4.30 percent coupon, it said.

The last tranche of 3 billion baht of six-year bonds would have a coupon of 4.80 percent.

It would open for subscription between Nov. 19 and 24, the statement said. ($1=33.42 Baht) (Reporting by Satawasin Staporncharnchai; Writing by Arada Kultawanich; Editing by Jon Loades-Carter)

 

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