{"id":88223,"date":"2009-10-28T19:40:34","date_gmt":"2009-10-28T11:40:34","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/thaicom-looks-to-raise-209-million-to-pay-for-satellites\/"},"modified":"2009-10-28T19:40:34","modified_gmt":"2009-10-28T11:40:34","slug":"thaicom-looks-to-raise-209-million-to-pay-for-satellites","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/thaicom-looks-to-raise-209-million-to-pay-for-satellites\/","title":{"rendered":"Thaicom Looks to Raise $209 Million to Pay for Satellites"},"content":{"rendered":"<p>[10-28-09] <strong>Thaicom<\/strong>, operator of the IPStar satellite broadband system, is looking to raise $209 million in funding through the issuance of 3- and 5-year senior debt notes, the company announced Oct. 27. <br \/>\n&nbsp;&nbsp;&nbsp; Investors can purchase a minimum of about $3,000 worth of Thaicom debt at 5.25 percent yearly interest between Nov. 2-5 from major banks in Thailand, including Bangkok Bank, KasikornBank, Krung Thai Bank, TMB Bank and The Standard Chartered Bank.<br \/>\n&nbsp;&nbsp;&nbsp;&nbsp; Thaicom CEO Arak Chonlatanon said the proceeds would be used to repay foreign loans the company took out to pay for the Thaicom 4 and Thaicom 5 satellites. \u201cThe benefits in offering the debentures are that the company will have more flexibility in the management of the business, a reduction in uncertainty resulted from currency rate fluctuations as well as reducing the cost of fund,\u201d Chonlatanon said in a statement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[10-28-09] Thaicom, operator of the IPStar satellite broadband system, is looking to raise $209 million in funding through the issuance of 3- and 5-year senior debt notes, the company announced Oct. 27. &nbsp;&nbsp;&nbsp; Investors can purchase a minimum of about $3,000 worth of Thaicom debt at 5.25 percent yearly interest between Nov. 2-5 from major [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-88223","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/88223"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=88223"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/88223\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=88223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=88223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=88223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}