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Thai Airways International rights offering final step in debt restructuring
November 28th 2024
Thai Airways International (THAI) hopes to raise 44 billion baht in a share rights offering. Read More » It will mark the flag carrier’s final step in a court supervised debt restructuring, Bangkok Post reports. THAI has set a share price for its 9.82 billion new shares being offered to existing shareholders at 4.48 baht per share. Additionally, the carrier’s creditors have agreed to convert debt of 53 billion baht to shares after the subscription period ended, a THAI statement said.
