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Credit Guarantee and Investment Facility, a trust fund of the Asian Development Bank (“CGIF”) has guaranteed the three- and five-year bonds amounting to THB700 million and THB1,000 million, respectively, by first-time bond issuer Thonburi Healthcare Group PCL (“THG”).
Through its subsidiaries, associates, and joint ventures, THG mainly operates hospitals in Thailand and an international hospital in Myanmar offering comprehensive medical services by experienced doctors and high-technology medical equipment. CGIF’s external credit enhancement will aid THG in raising funding for its capex requirements aimed at expanding the hospital network’s overall capacity and improving its facilities and service offerings.