18 ¡ØÁÀҾѹ¸ì 2000
Jasmine International Public Company Limited signed a Memorandum of Understanding on debt restructuring
Jasmine International Public Company Limited (JASMIN) would like to report the signing of memorandum of understanding on debt
restructuring plan with creditors over its US$ million 325 or Baht million 12,252.5
(calculated at foreign currency exchange rate 37.70 baht a dollar).
The creditors approved debt-rescheduling agreement, the debt
repaying period will be extended to 6 years from the loans’ contract signing date. The
loan will be repaid semi annually, commencing its first repayment in June 2000 and its
final repayment in December 2006. Interest rate of loan as follows:
| Year |
Yen |
US$ dollar |
Baht |
| 2000-2003 |
Libor + 1.0% |
Libor + 1.0% |
MLR |
| 2001-2006 |
Libor + 1.5% |
Libor + 1.5% |
MLR + 0.5% |
In addition, the Company will pay a capitalized interest of 1% over the average loan outstanding.
The repayment will accord with the Company’s cash flow. The success of debt rescheduling will improve the Company’s liquidity and thus
strengthen its financial position.
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