Raimon Land Pcl. recently announced the successful placement of a Baht 450 million debenture fully subscribed by Lehman Brothers. This debenture is a market rate facility provided by Lehman Brothers.
The placement was made through Taksin Hotel Holding Co. Ltd, of which a 60% stake is owned by Raimon Land Pcl. The proceeds will be used towards the development of the company’s “The River” project in Bangkok.
Mr. Nigel Cornick, CEO of Raimon Land commented, “As we progress with the development of ‘The River’, additional Grade ‘A’ residential condominium developments in Thailand, funding facilities such as the one established by Lehman Brothers will help ensure that we maintain a consistent pipeline of projects and revenue for the foreseeable future.”
Pictured from left to right are Mr. Blake Olafson, Vice President – Global Real Estate Group, Lehman Brothers (Thailand) Limited and Mr. Nigel Cornick, CEO – Raimon Land Pcl.
Further information
RAIMON shares are listed on the Stock Exchange of Thailand and its major shareholders include Seamico Securities Plc., one of Thailand’s largest stockbrokers. Further information concerning the Company can be obtained from its website at www.raimonland.com
For more infomation please contact:
Nuttaporn Tangwongsan
Raimon Land Public Relations
C/O Francom Asia
Tel: 02 233 4338 or 39
Fax: 02 236 8030
E-mail:
[email protected]
Click for photo release at www.thaipr.net