Bangkok--12 Jul--KASIKORNBANK
Recently, at CH. Karnchang Head Office, Dr. Supamas Trivisvavet, second left, President of CH. Karnchang Pcl., Mr. Suradech Kietthanakorn, second right, First Senior Vice President of KASIKORNBANK, Mr. Werapong Suppasedsak, left, First Executive Vice President of Krungthai Bank, and Mr. Narin Opamuratawongse, Executive Vice President of Bangkok Bank, signed an agreement to appoint joint underwriters for CH. Karnchang's 8.5-billion-Baht debentures, No.4/2016 and No.5/2016. Graded A-/Stable by TRIS Rating, the debentures are offered in five tenors, i.e., three, eight, 10, and 11 years, and 11 years and eight months, bearing interest at 2.24-3.99 percent per annum. This marks the first time that a Thai contractor offers debentures with tenors longer than 10 years; the size of this offering is the largest issued by CH. Karnchang.