<article><a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Thai+Union+Group">Thai Union Group</a>, the world&#8217;s largest canned tuna maker, said on Tuesday it has raised the size of its bond issue to 10 billion baht ($285 million) from 6 billion baht previously in order to meet excess demand from investors.</article>

<a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Thai+Union+Group">Thai Union Group</a>, the world&#8217;s largest canned tuna maker, said on Tuesday it has raised the size of its bond issue to 10 billion baht ($285 million) from 6 billion baht previously in order to meet excess demand from investors.
Strong participation from institutional investors during the book-building process resulted in the bonds being oversubscribed by 3.25 times, the company said in a statement.
The proceeds from the bonds, the highest amount issued by Thai Union, will be mostly used to refinance existing asset-backed loans borrowed by its subsidiaries in the United States.
The proceeds will also enable Thai Union to finalise the setting up of a global treasury center in Thailand to improve the overall cost of borrowing and be more flexible in accessing financial markets in the future, it said.
Assigned AA- rating by Thai rating agency TRIS Rating, the bonds with 3-year maturity will carry a coupon of 2.03 percent per annum, 5-years at 2.32 percent and 7-years at 2.79 percent.
Kasikornbank, Krung Thai Bank, <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Siam+Commercial+Bank">Siam Commercial Bank</a> and Hong Kong and <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Shanghai+Banking+Corp+Ltd">Shanghai Banking Corp Ltd&#8217;s</a> Bangkok branch, are joint lead arrangers.
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<h4 style="text-align: justify;">Reuters</h4>

Thai Union Group, the world's largest canned tuna maker, has raised the size of its bond issue to 10 billion baht ($285 million) from 6 billion baht 

Thai Union raises bond issue size to $285m on strong demand

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Thai Union raises bond issue size to $285m on strong demand

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