TPI to sign US$800 mln loan to refinance debt

19-Sep-06
Thai Petrochemical Industry PCL, operator of Southeast Asia's biggest petrochemical complex, plans to sign a US$800 million loan to refinance debt. This will refinance all its US$960 million debt to reduce expenses, and save US$18.8 million in interest costs. The loan is to be provided jointly by eight banks, including Bangkok Bank, Krung Thai Bank, Siam Commercial Bank, Citigroup and Barclays Capital.
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