Three banks have agreed to lend General Motors (Thailand) Bt13.5b to finance two vehicle programmes and construction of a new diesel-engine plant in Rayong province. Chansak Fuangfu, vice president for wholesale business at Bangkok Bank (BBL), said his bank and Siam Commercial Bank (SCB) were joint lead arrangers, lending Bt6b apiece, while Tisco Bank would provide Bt1.5b. The loan term is seven years. (The Nation)
Bt13.5b Loan signed with 3 banks
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The Thaivest Editorial Team is a dedicated group of writers and editors with a passion for Thailand's vibrant economy, culture, and lifestyle. With diverse backgrounds in finance, economics, and journalism, we provide valuable insights into living well in Thailand, making money online, and practical tools for navigating its dynamic market. Our mission is to keep our readers informed about the latest developments, opportunities, and challenges in Thailand's economic and cultural landscape. Stay connected with Thaivest for reliable, well-rounded coverage of all things Thai.
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