THAI bonds to recoup losses
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Thai Airways plans to sell THB7 billion (US$207 million) worth of bonds to replace overseas debt, the Bangkok Post has reported. The Thai national carrier will use about THB5.5 billion from the sale to refinance overseas debt and reduce its foreign-currency exposure, according to Raj Tanta-Nanta, the airline’s Head of Investor Relations. The remainder will fund aircraft purchases.
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