BANGKOK (Dow Jones)--AEON Thana Sinsap Thailand PCL (AEONTS.TH), a Thai consumer credit firm, plans to issue up to THB2 billion ($60 million) of bonds in early August, a person familiar with the deal said Tuesday.The bonds will be issued into two tranches with maturities of two and four years, the company said in a filing to the Securities and Exchange Commission but didn't indicate the value of the planned issuance."The size of each tranche has not been finalized yet. There should be greater details next week," the person told Dow Jones Newswires.The two-year bonds are guaranteed by Mizuho Corporate Bank while the four-year bonds are guaranteed by Mizuho Corporate Bank and Japan Bank for International Cooperation, according to the filing.Comparable yields of two- and four-year government bonds were at 4.55% and 4.93% respectively Monday.The company is 35.12% owned by Japan's AEON Credit Service Co. Ltd. (8570.TO).-By Piyarat Setthasiriphaiboon, Dow Jones Newswires; 66 2 2667044; piyarat.setthasiriphaiboon@dowjones.com


Subscribe Now

Authoritative analysis and perspective for every segment of the payments industry

14-Day Free Trial

Authoritative analysis and perspective for every segment of the industry