At the same time, TRIS Rating assignsed the rating to PSH’s proposed guaranteed debentures of up to Bt2.5 billion at “A”.

The debentures are unconditionally and irrevocably guaranteed by Pruksa Real Estate PLC (PS), PSH’s subsidiary, rated “A” with a “stable” outlook by Tris Rating. The guaranteed debentures are ranked pari passu to PS’s senior unsecured debentures.

The proceeds from the proposed debentures will be used to replace debentures issued by PS maturing in March 2019 and for working capital.