Struggling Thai Airways meets investors for debut dollar offering, opts for perpetual

Thai Airways_230
By Virginia Furness
03 Jul 2014

Thai Airways is meeting investors for its first dollar offering this week and has opted for a senior perpetual bond. Should it be successful, the borrower will be only the second Thai corporate to tap the international market this year.

Barclays and Citi are organising the meetings, which started in Singapore on Wednesday July 2 before moving to Hong Kong on Thursday and London on Friday.

The borrower is looking to issue a perpetual bond but the features of the issue are yet to be announced. ...

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