Bangkok--28 Jan--Thai Tap Water Supply
Thai Tap Water Supply Plc (TTW) enters into the amortized loan agreement with Bangkok Bank Plc at 1st meeting room of Bangkok’s Head Office with the amount of 1,700 Million Bahts for 8 years so as to replace its debenture which would be mature on 26 February 2014.
“Albeit the trend of interest rate looks changeable due to US economy’s stimulus package, namely Quantitative Easing (QE), TTW also receives the cost of fund below 5%. Having considered the company’s long term debt, this is expected to fall because of the quarterly repayment schedule. Besides TTW’s financial strength, TTW has been still rated “AA-“ by TRIS Rating Agency and then this, in turn, would boost the confidence of both the institutional and retail investors” cited by Mr.Somkiat Pattamamongkolchai. (CFO)