joseph11lim, to thailand
@joseph11lim@mastodon.social avatar

" #TRUE, one of #Thailand's largest corporates, with an asset size of ~800 billion baht & an A+ (stable) credit rating, has #failed to secure full subscription to its latest #debenture offering on Nov 6. The issuing amount is relatively small for the company's size - 14 billion baht .. The news shocked the stock market & TRUE's share price fell 6.61% on the morning of Nov 8 .. just imagine what is happening to the #funding situation of lesser companies, particularly SMEs"
https://www.bangkokpost.com/opinion/opinion/2686054/liquidity-shortage-a-big-risk-for-govt

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