Asia Aviation Public Company Limited (SET: AAV) has announced that its 100% subsidiary, Thai AirAsia Company Limited (Thai AirAsia), is in the process of issuing and offering debentures No. 2/2023 Due B.E. 2027.
Thai AirAsia will Issue the long term unsubordinated and secured callable debentures with debenture holders’ representative in the name-registered certificate on September 28, 2023, with the tenor length of 2 years and 6 months.
The size of the debentures is within 1 million units with the green shoe option within 0.2 million units for a total of 1.2 million units and the issue amount is within 1,000 million baht with the green shoe option within 200 million baht for a total of 1,200 million baht.
The par value is equal to its offering price at 1,000 baht with coupon rate at 6.9% per year. The bond credit rating is BB+ stable.
Thai AirAsia will offer the debentures to institution and high net worth investors and subscription date are from September 25 – 27, 2023.
