Triple T Broadband Plc (3BB) says it will issue a secured long-term three-year debenture at a fixed interest rate of 6.25% per annum and pay interest every three months until maturity.
This is the first time the company has issued debentures and they will be offered to institutional investors and high net worth investors.
The company delegates authority to four financial institutions: KTBST Holding, Phillip Securities (Thailand), AIRA Securities and ASL Securities Co to determine details in relation to the issuance and offering the debenture.
The debenture is expected to be offered between Sept 27-29 this year.
Churnkamol Treesuttacheep, chief financial officer at 3BB, said the purpose of the issuance was to invest in the internet broadband and IPTV business, managing the loan and working capital within Jasmine Group.
As of the second quarter of this year, 3BB has…
