Siam Cement

FinanceAsia speaks to Kan Trakulhoon, CFO of Siam Cement Group.

How much debt do you now have outstanding

Currently the group's total debt is around Bt120 billion $3 billion, all of which is in local currency. A very small amount of this includes swaps into Thai baht from US dollars. Close to Bt90 billion is in local currency debentures, which is still below the Bt110 billion limit set by our board of directors. As you can see, our main borrowing is debentures and much less, about Bt30 billion, is bank lending. So our debt portfolio is totally changed from the peak of the crisis. In 1997 we had debts of Bt247 billion and the majority, around 80%, was in foreign currency US...

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