The Debentures of Thoresen Thai Agencies Public Company Limited No.1/2023 Tranche 1 Due 2026 under the Medium Term Note Program 2021 of Thoresen Thai Agencies Public Company Limited
Debentures Tranche 1 | |
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Symbol | TTA26OA |
Security Type | Name-registered, unsubordinated and unsecured debentures with debenture holders’ representative |
Offering Method | Public offering to general investors and/or institutional investors |
Total Number of Units | 1,698,100 (one million six hundred ninety-eight thousand one hundred) units |
Total Issue Amount | 1,698,100,000 (one billion six hundred ninety-eight million one hundred thousand) Baht |
Interest Rate | Fixed interest rate at 4.4 (four point four) percent per annum |
Tenor | 3 (three) years 9 (nine) months |
Issue Date | 19 January 2023 |
Maturity Date (1) | 19 October 2026 |
Interest Payment (2) | Every 3 months on 19th January, 19th April, 19th July and 19th October of each year throughout the term of the debentures |
Call/Put Option for Early Redemption | none |
Guarantee/Collateral | none |
Debentureholders’ Representative | Asia Plus Securities Company Limited |
Registrar | Siam Commercial Bank Public Company Limited |
Issue Rating | “BBB+” by TRIS Rating on 25 November 2022 |
Financial Covenants | The Issuer shall maintain the Net Interest Bearing Debt to Equity Ratio not exceeding 2.0: 1 (two to one) according to the issuer’s audited or reviewed consolidated financial statements at the end of the accounting period of each quarter or each fiscal year throughout the term of debentures. |
Note
- (1) If the debenture redemption date does not fall on a business, such payment shall be made on the next business day.
- (2) If the interest payment date does not fall on a business, such payment shall be made on the next business day. The last interest payment date is the same as the debenture redemption date.