SINGER Issues a 3-Y Debenture Worth ฿1Bn with a 5.8% Interest Rate

Singer Thailand Public Company Limited (SINGER) has issued a 3-year debenture at the amount not exceeding 1,000 million baht with a maturity date in 2023 and an interest rate at 5.80% p.a., paid quarterly. The issued debenture will be offered to institutions and high-net-worth individuals on 8-10 September 2020.

The company stated that the proceeding amount will be used as a repayment for SINGER20OA worth 400 million baht that will be matured in October 2020. The proceeding amount will also be used for SINGER’s working capital and/or business expansion.