Tuesday, October 30, 2012

Thai Bev

Thai Bev: newswires say the group is seeking to increase a 5-yr loan to ~$3.3b to replace a shorter term so-called bridge facility of $2.8b. The additional $500m may be used to refinance debt while $2.8b will be used to repay the 12-month loan borrowed in Aug to help finance the purchase of shares in FNN. The banks working on the longer-term loan are said to be HSBC, SMBC and StanChart, which provided the original bridge, and Mizuho, Bank of Tokyo-Mitsubishi UFJ, OCBC and Maybank. The counter is down 1.2% at $0.43.

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