Treasury & Capital Markets
MINT prices perpetual securities as part of capital structure plan
Thai-based company secures tight pricing on back of strong order book and guarantee from Bangkok Bank
Chito Santiago
23 Jun 2020
ONE of the largest hospitality, restaurant and lifestyle companies in Asia-Pacific, Minor International PCL ( MINT ), returned to the international bond market as it priced on June 22 a US$300 million perpetual senior capital securities as part of the company’s comprehensive capital structure plan. The Thai-based company basically adopted a similar structure it used in November 2018 when it accessed the offshore bond market for the first time, also with a guarantee from Bangkok Bank.