True Corp (Thai Telecommunication Firm) is intending to vend up to $142 million of bonds in December to refinance debt, underwriters said, (Bangkok Bank BBL.BK, Krung Thai Bank KTB.BK, Siam Commercial Bank SCB.BK, Kasikornbank KBAN.BK and Bank of Ayudhya BAY.BK are the underwriters). According to the officials, the bonds, with maturities of up to five years and rated “BBB” by Thailand’s Tris Rating, were likely to be divided into two tranches and issued to both institutional investors and the public. Additionally, TRUE is in the process of increasing 19.5 billion baht through rights a issue, in part to fund investment in 3G mobile services.

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