Siam Cement's refinancing complete

The Siam Cement Public Company, Thailand’s biggest industrial group, has been one of the top issuers in Thailand’s local currency bond market, having issued Bt90 billion ($2.11 billion) of bonds since the beginning of 1999. The proceeds of these bond issues have primarily been used to refinance Siam Cement’s overseas borrowings as part of an on-going restructuring process – made necessary by the Asian economic crisis.