— Mitsubishi Motors Thai subsidiary, Mitsubishi Motors (Thailand) Co., Ltd. (MMTh) today announced that the terms of a local currency bond issue guaranteed by The Bank of Tokyo-Mitsubishi UFJ, have been finalized and registered with the Securities and Exchange Commission in Thailand.
This bond issue is in addition to the 5 billion baht issuance of bonds on December 8, 2005 and has been included in Mitsubishi Motors' financing plan for the current fiscal year.
The proceeds will be used for capital expenditure in the production facility and other items for the 1-ton pick up Triton which is the main model produced at MMTh's Laem Chabang Plant.
Also, this will be covered by a kind of bond insurance, which has been established in Japan to aid the development of Asian currency bond markets.
Details of the offering:
| Issuer: |
Mitsubishi Motors (Thailand) Co., Ltd. |
| Market: |
Thai bond market |
| Amount: |
2bn Baht |
| Maturity: |
3 year bullet repayment |
| Issue date |
February 8, 2006 (scheduled) |
| Guaranteeing bank: |
The Bank of Tokyo-Mitsubishi UFJ, Ltd. |
| Underwriters: |
Co-lead arranger: The Siam Commercial Bank PCL,
Bangkok Bank PCL, Kasikornbank PCL |
