Friday 21 September 2018
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1 months ago

ThaiBev brews biggest baht bond

SINGAPORE (IFR) - Thai Beverage is returning to the baht market with an ambitious plan to raise at least Bt70bn (US$2.1bn) in Thailand’s largest corporate bond issue, just five months after its latest Bt50bn financing. While it found robust demand in March, the Thai beer maker s latest financing will test the limits of a local institutional investor base that is steeped in Buddhism, which discourages drinking alcohol. “There will be some institutional investors which can take exp

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