Minor International Public Company Limited (MINT) announced the company has issued a new debenture in the amount of US$300 million offering to foreign institutional investors.
The debenture received Baa1/BBB+/BBB with stable outlook by Moody’s/S&P/Fitch, respectively. The coupon rate is 2.70% per annum, fixed rate and paid semi-annually until the First Reset Date.
The first call date will be on 19 April 2026 and the first reset date will be on 19 July 2026.
The purpose of this issuance is to fund the Issuer’s tender for any or all of its outstanding US$ 300 million guaranteed senior perpetual securities and the payment of the tender offer-related expenses and the expenses for this offering.