The agency had previously factored in an issue size of THB70 billion for the bonds, and assigned them a rating of 'AA(tha)', in line with ThaiBev's National Long-Term Rating, on 3 August 2018. The bonds will be issued in seven tranches with two- to 10-year tenors.
For more information on assignment of the rating on the bonds, please see Fitch Rates ThaiBev's Unsecured THB Debentures 'AA(tha)', published 3 August 2018.