The bonds will be unconditionally and irrevocably guaranteed as to the payment of principal and interest by Credit Guarantee and Investment Facility (CGIF), which is a trust fund of the Asian Development Bank.

The issuance of the bonds has been approved by Thailand’s Ministry of Finance and will be offered to institutional investors and, or high-net-worth investors in Thailand only.

The proceeds from the offering of the bonds will be used by Yoma to partially redeem the Thai Baht-denominated bonds previously issued on Jan 25, 2019. The previously issued bonds will be maturing on Jan 25, 2024.

As at 1.17pm, shares in Yoma are trading 0.2 cents higher or 2.47% up at 8.3 cents.

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Yoma proposes issue of Thai baht-denominated guaranteed bonds

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