Successful bidders seek KBank guarantees | Bangkok Post: business

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Successful bidders seek KBank guarantees

B100bn in credit sought for investment

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Twenty winners of digital-TV licences have asked Kasikornbank (KBank) to issue guarantees worth a combined 100 billion baht, with several of them requesting credit lines for investment in their projects. 

Executive vice-president Vasin Vanichvoranun said the 20 winners out of a total of 24 are seeking guarantees, and some need credit lines representing 30-50% of project cost.

KBank plans to extend loans only to existing operators that are experts in the business and can survive the fierce competition, he said.

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