Baker McKenzie Bangkok was mandated by RH International (Singapore) Corporation Pte. Ltd. (RHIS) and Ratchaburi Electricity Generating Holding Public Company Limited (RATCH) on their first-ever liability management exercise. The transaction involved a cash tender offer of the existing notes of RHIS and an issuance of new money notes by RHIS. The new notes are guaranteed by RATCH.
The transaction was led by Bangkok partner, Viroj Piyawattanametha and senior associate, Kowit Adireksombat with the full support of the debt capital market team comprising Natcha Sihanatkathakul, Sawaporn Sophanodora, and Pongnut Mengkred.
"The lead time for the transaction was very ambitious and we had to deal with the disclosure on the Thai guarantee law which was relatively new for international investors," Viroj commented.
He further added, "Our client came to us with precise objectives and timeline and our role was to provide them with succinct and practical advice which was highly appreciated by our client. At Baker McKenzie, I am proud to say that we are second-to-none in the debt capital market space. Our team members are well-seasoned and truly service-minded. These qualities have enabled us to remain the go-to firm in the market."