SAAM secures $10m in convertible bonds

SAAM prepares for 10m in convertible bonds

Stocks and bonds are always a popular topic in the world of finance, and today it's the turn of SAAM, a leading player in the industry. The company has announced that it is preparing to issue 10 million in convertible bonds, which is a significant move in the world of finance.

The convertible bonds will be offered at a price of 100 baht each, and the company has stated that it will use the funds raised to support its growth plans. This includes investing in new projects and expanding its operations in key markets.

The convertible bonds will have a maturity period of five years, and the company has also stated that it will offer a coupon rate of 5.5% per annum. This means that investors will earn a return on their investment in the form of interest payments, which will be paid out annually.

The convertible bonds will be listed on the Stock Exchange of Thailand (SET), which is a major stock exchange in the country. This will provide investors with a liquid and transparent platform to buy and sell the bonds.

The move by SAAM to issue convertible bonds is seen as a positive step for the company, as it will provide it with the necessary funds to support its growth plans. It will also provide investors with an opportunity to invest in a company that has a strong track record of performance.

Overall, the move by SAAM to issue convertible bonds is a significant development in the world of finance, and it will be closely watched by investors and analysts alike.