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ThaiBev’s ops performance to pick up in FY19; issues debentures

PC Lee
PC Lee9/20/2018 11:26 AM GMT+08  • 2 min read
ThaiBev’s ops performance to pick up in FY19; issues debentures
SINGAPORE (Sept 20): ThaiBev announced that it had issued THB77 billion ($3.3 billion) in debentures after the company last month announced it was looking to issue debentures to replace its short-term debts.
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SINGAPORE (Sept 20): ThaiBev announced that it had issued THB77 billion ($3.3 billion) in debentures after the company last month announced it was looking to issue debentures to replace its short-term debts.

This refinancing move and fixing of coupon rates should allay investors' concerns on the group’s exposure in light of the rising interest rate environment, say analysts.

“We estimate that the group will be able to deleverage its balance sheet progressively over time given its strong operating cashflows,” says DBS Group Research analyst Andy Sim in a Thursday report.

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