Far East Horizon Ltd.#s Proposed S$200 Million Notes Drawn Down Under MTN Program Assigned #BBB-# And #cnA-# Ratings

Stocks and Financial Services Press Releases Wednesday September 24, 2014 14:52
HONG KONG--24 Sep--Standard & Poor's

HONG KONG (Standard & Poor's) Sept. 24, 2014--Standard & Poor's RatingsServices today assigned its 'BBB-' long-term issue rating and 'cnA-' long-termGreater China regional scale rating to the proposed issuance of Singaporedollar (S$) 200 million in senior unsecured notes by Far East Horizon Ltd.(FEH: BBB-/Stable/A-3; cnA-/cnA-2). The notes will be a drawdown under thecompany's medium-term notes (MTN) program. The ratings are subject to ourreview of the final issuance documentation.

FEH uses the proceeds under the MTN program to fund its working capital andgeneral corporate needs.

For the MTN program, we equalized the issue rating with the issuer creditrating on FEH. The notes issued under the program constitute direct,unconditional, and senior unsecured obligations of the issuer. The notes willrank equally among themselves and with all other unsecured and unsubordinated

obligations of the issuer.

Latest Press Release

Bangkok Bank reports third quarter 2019 net profit of Baht 9,438 million

In 2019, the Thai economy is forecast to expand at a slower rate than in 2018. Slowing global growth, intensifying trade tensions and the unrelentingly strong Baht have weighed on both exports and tourism. Meanwhile, private consumption and private...

KTC declares 4.205 billion in first nine months net profits. Receivables growth hit an all-time high in the past two years with plans to expand member base and fortify quality of ports.

KTC announces net profits for the first nine months with a 8 percent growth at 4.205 billion. Budget will be allocated to stimulate marketing activities and expand member base. Policy to expand member base and in main business caused portfolio to have...

Witnessing Thai Peoples Lack of Financial Discipline, GoBear Seizes Opportunity to Organize Seminar on Financial Health GoBear Fin Detective #สืบฟินวินทุกเรื่องเงิน And Releases Latest Survey on What Causes Thais Unsuccessful in Achieving Financial Go

GoBear Thailand, Asia's leading financial supermarket, has invited celebrities and financial experts to participate in the seminar "GoBear Fin Detective #สืบฟินวินทุกเรื่องเงิน," aiming to encourage Thai people to pay attention to their financial health,...

TBANK Q3 2019 profit reaches record launches ThanachartDRIVE

Thanachart Bank Public Company Limited (TBANK) reported a consolidated net profit of 4,054 million baht for the third quarter of 2019, improving 12.86% from the previous quarter. Mr.Praphan Anupongongarch, Chief Executive Officer and President of...

Photo Release: EXIM Thailand and EXIM Bank Malaysia Discuss Ways to Promote Thai and Malaysian Trade and Investment

Mr. Pisit Serewiwattana (third left), President of Export-Import Bank of Thailand (EXIM Thailand), and EXIM Thailand's management welcomed Dato' Shahrul Nazri Abdul Rahim (third right), President and Chief Executive Officer of Export-Import Bank of...

Related Topics