Weerawong, Chinnavat & Peangpanor Ltd. (Weerawong C&P) represented Bangkok Mass Transit System Public Company Limited (BTSC) on its issue totaling THB 22 billion (approximately USD 618 million) senior unsecured debentures in multiple tranches and with maturities up to 2026. The debentures were issued to finance the electrical and mechanical systems of the Green Line sky train extensions (north - south) and other BTSC investments. Bangkok Bank Public Company Limited, Bank of Ayudhya Public Company Limited, The Hongkong and Shanghai Banking Corporation Limited and Phatra Securities Public Company Limited acted as underwriters. The debentures were issued on 10 November 2016.

 

These are the first debentures issued by BTSC since its public offering of debentures in 2009, and were issued in a placement to institutional and high net-worth investors. The debentures are rated “A” with stable outlook by Tris Rating Co., Ltd. and “A(tha) with stable outlook by Fitch Ratings Thailand Limited.

 

The Weerawong C&P team was led by Veeranuch Thammavaranucupt, Senior Partner, Jongtip Tangsripairoje, Senior Associate and Kulnisha Srimontien, Associate.