Bangkok Dusit funds growth with $331m CB

Thailand’s biggest private hospital operator has plans to add 20 hospitals to its network during the next few years.

Bangkok Dusit funds growth with $331m CB

Bangkok Dusit Medical Services, Thailand’s biggest private hospital operator, raised Bt10 billion $331 million through a zero-coupon convertible bond on Wednesday evening.

The deal is denominated in Thai baht but settled in US dollars. It has a five-year maturity with a three-year investor put and an issuer call at two-and-a-half years. It offers a 2% yield and converts at a 15% premium to Wednesday’s closing price of Bt18.3.

The amount...

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