Siam Cement to issue bonds in March, Thailand

Siam Cement PCL of Thailand plans to issue up to THB25bn worth of bonds to existing bond holders and the public, Dow Jones News reports.

The bonds, worth a four-year maturity, will carry a coupon rate of 4.15 per cent, the company said in a filing to the Securities and Exchange Commission on Monday.

The bonds will be open for subscription during 1-9 March 2012 and during 26-30 March 2012, Siam Cement said.

Siam Commercial Bank PCL, Bangkok Bank PCL, Kasikornbank PCL, Krung Thai Bank BCL and Bank of Ayhudya PCL are the lead arrangers.