Yoma Strategic said on Wednesday that it filed its registration statement and draft prospectus for its Thai baht-denominated guaranteed bonds with the Office of the Securities and Exchange Commission of Thailand.
The bonds’ principal and interest will be unconditionally guaranteed by the Credit Guarantee and Investment Facility, which is a trust fund of the Asian Development Bank, it said in a filing to SGX on Wednesday.
The bonds’ issuance has been approved by the Ministry of Finance of Thailand and would be offered only to institutional investors there, it said.
The bonds’ definitive terms will be provided after the registration statement and draft prospectus become effective, Yoma said.
The net proceeds will be used for general corporate purposes, including refinancing existing debt and to fund capital expenditures, Yoma said.