Property firms turn to debentures to pay for new land - News Summed Up

Property firms turn to debentures to pay for new land


A recent survey by The Nation found most of the developers would turn to debentures to help support their business expansion in 2019. Thus, all property firms with debentures expiring this year are expected to issue replacement debentures totalling Bt72 billion. New debentures would then need to be issued to support their business expansion for 2019. “This why property firms will issue additional debentures worth over Bt100 billion this year,” said a bond-market expert. They will also issue new debentures to support their business expansion, amid expectation of a rise in interest rate.


Source: The Nation Bangkok February 11, 2019 00:56 UTC



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