ThailandÆs AIS confirms bond plans

Thailand''s Advanced Info Service has received shareholder approval for plans to raise Bt15 billion of unsecured debt.
Thailands biggest mobile phone company, Advanced Info Service AIS, subsidiary of the Shinawatra Computer and Communications Group, has confirmed that it is to issue up to Bt15 billion $347.9 million of unsecured debentures. The company first announced its intention to tap into the debt market back in December when its board of directors gave the go-ahead.

Although further details regarding which banks will be mandated to arrange the transaction and when any issue is likely to take place have not been decided, the board of directors notified the Stock Exchange of Thailand that it had received shareholder approval for the deal to take place.

Proceeds from the issue will be used to...

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