{
  "id": 7494270,
  "title": "Delta Electronics Thailand shareholder plans $1.5 billion bond issue",
  "url": "https://urgent.news/2026/09/15/delta-electronics-thailand-shareholder-plans-1-5-billion-bond-issue",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-15T06:00:00.000Z",
  "source": {
    "name": "Bangkok Post Business",
    "slug": "bangkok-post-business",
    "url": "https://www.bangkokpost.com/business/general/3319980/delta-electronics-thailand-shareholder-plans-15-billion-bond-issue"
  },
  "original_language": "en",
  "account": "Delta Electronics Thailand announced on Tuesday that its largest shareholder, Delta Electronics International (Singapore), plans to raise US$1.5 billion through bonds exchangeable for shares in the Thai company. The bond issuance will consist of $500 million due in September 2027 and $1 billion due in September 2031. The 2027 bonds will have an initial exchange price of 266.8 baht per share, which is a 15% premium over the reference price, while the 2031 bonds will have an initial exchange price of 301.6 baht ($9.08) per share, representing a 30% premium. The bonds will be exchangeable for existing Delta Electronics (Thailand) shares owned by the Singapore-based shareholder, a subsidiary of Taiwan-listed Delta Electronics Inc. Singapore holds 42.85% of Delta Electronics (Thailand)'s shares. If all exchange rights are exercised at the initial prices, the bonds would convert into approximately 172.1 million existing shares, accounting for around 1.38% of the company's total issued shares. The $1 billion five-year bonds can be redeemed at 99.25% and 98.51% of the principal after 1.5 and three years, respectively, from the issuance date. The funds raised from the bond issuance will bolster working capital and support future business expansion.",
  "summary": "BENGALURU — Delta Electronics Thailand said on Tuesday that its major shareholder, Delta Electronics International (Singapore), is seeking to raise US$1.5 billion through",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}