True Move offers to buy back high-yield bonds

True Move's tender offer allows investors to “crystallise gains” amid the high-yield rout.
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True Move executives celebrating a mobile banking tie-up with Kasikorn Bank last year
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<div style="text-align: left;"> True Move executives celebrating a mobile banking tie-up with Kasikorn Bank last year </div>

True Move, Thailand’s third-biggest mobile phone operator, is seeking to buy back $690 million worth of high-yield bonds from investors and, at the same time, loosening covenants to give it greater financial flexibility. Deutsche Bank is the sole dealer manager and solicitation agent.

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