
18/06/2025
Firms lead on ThaiBev’s USD2bn multicurrency debt issuance https://law.asia/thaibev-multicurrency-debt-issuance/
TTT+Partners, WongPartnership and Linklaters have counselled on Thai Beverage Public Company’s (ThaiBev) launch of its USD2 billion multicurrency debt issuance programme on the Singapore Exchange (SGX).
“One of the main challenges in establishing the programme (particularly for local counsel like us) was assisting the ThaiBev (as an entity listing on the SGX) in obtaining approval from the Securities and Exchange Commission, Thailand (Thai SEC) for an offer for the sale of bonds of all types under the debt issuance programme and on the basis of its existing corporate approval,” TTT+Partners’ Veeranuch Thammavaranucupt said.
Thammavaranucupt, James Lawden and Arnut Pongprueksa led the TTT+Partners team. The transaction also involved WongPartnership advising the issuer on Singapore law, Linklaters’ Lion City office as English law counsel for the arranger and dealer, DBS Bank, and the firm’s Hong Kong office as the trustee’s English law counsel.