Thai Union to strengthen footing with debenturesSeafood processing giant Thai Union Group is preparing to issue up to 4 billion baht in debentures with an additional greenshoe of 2 billion baht in order to strengthen its financial foundation for the long term. Tris Rating gives Thai Union an A+ with a stable outlook and its subordinated perpetual debentures an A-. Thai Union also retains the right to call the debentures after five years or upon other conditions in accordance with the terms and conditions of the debentures as specified in the prospectus. The subordinated perpetual debentures will be offered to retail and institutional investors. "Issuing these debentures will allow us to not only further strengthen our financial footing, but continue expanding our business as we pursue a path of consistent, solid growth."

Source: Bangkok Post October 10, 2019 00:22 UTC