Court green lights Bangkok Steel's debt repayment

Court green lights Bangkok Steel’s debt repayment

Thailand's Bankruptcy Court approved Bangkok Steel Industry PCL's THB 59.09 billion ($1.53 billion) debt restructuring plan, industry sources disclose. This plan will help the steelmaker reduce its debt by THB 52.23 billion ($1.35 billion). In line with the plan, 11.6% of the total debt would be paid to creditors within 136 months. The company has 29 creditors, including Bangkok Bank PCL and Siam Commercial Bank PCL.