TCC’s $3.5bn acquisition loan perks up Thai market

Bangkok_3_230px
By Shruti Chaturvedi
25 Feb 2016

TCC Group has invited banks to pitch for a $3.5bn financing to support its acquisition of a stake in retailer Big C Supercenter. Bankers are welcoming the deal as it provides an opportunity to book Thai assets following a lull in foreign currency loan activity from the country. Shruti Chaturvedi reports.

The Thai conglomerate is looking for dollars or euros for the transaction and is likely to favour a short tenor borrowing, making a bridge most suitable, said a source who has received a term sheet from the company.

The company is the second from Thailand this year ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial