Bangkok--1 Dec--AIS
Ms. Sunitaya Shinawatra Chief Finance Officer and Mr. Weerayuth Panichkul Vice President - Finance (3rd and 4th from the left hand side, respectively) from Advanced Wireless Network Co., Ltd. with five co-underwriters at AWN's Investor Roadshow Presentation on October 16, 2017.
Advanced Wireless Network Co., Ltd. or "AWN" is pleased to announce a successful offering of the company's largest 10-year tranche debenture issuance of THB 9,000 million at the coupon rate of 3.35% per annum on November 30, 2017. The company offered the aforementioned senior unsecured debentures with a debentureholders' representative to institutional and high net worth investors, aiming to increase its investment and working capital. Fitch Ratings (Thailand) Limited has rated AWN's debentures at AA+(tha), which reflects the strength of the company's solid financial performance under the management and supervision of Advanced Info Service Public Company Limited or AIS.
The debentures have been well received by various groups of investors with an oversubscription of 1.7 times of the total offering size. The momentum was continued from the Roadshow event on October 16, 2017 which was hosted by AWN and co-underwriters, including Bangkok Bank PCL., KASIKORNBANK PCL., Bank of Ayudhya PCL., Krung Thai Bank PCL., and Thanachart Bank PCL.
AWN is a telecommunications service provider, offering telecommunications services under the licenses of the National Broadcasting and Telecommunications Commission (NBTC). AWN is a subsidiary company of AIS (holds 99.99% of AWN's total shares), which aims to meet the needs of growing numbers of customers in the telecommunications industry as well as searching for new services to match with the telecommunications business operations.