Siam cement - Study guides, Class notes & Summaries

FIN 435 Module 8 Chapter 10 Homework Problem 3 Siam Cement, the Bangkok-based cement manufacturer, suffered enormous losses with the coming of the Asian crisis in 1997. The Company had been pursuing a very aggressive growth strategy in the mid1990’s, taking on massive quantities of foreign-currency-denominated debt (primarily U.S. dollars) When the Thai baht (B) was devalued from its pegged rate of B25.0/$ in July 1997, Siam’s interest payments alone were over $900 million on its outstandin...

FIN 435 Module 8 Chapter 10 Homework Problem 3 Siam Cement, the Bangkok-based cement manufacturer, suffered enormous losses with the coming of the Asian crisis in 1997. The Company had been pursuing a very aggressive growth strategy in the mid1990’s, taking on massive quantities of foreign- currency-denominated debt (primarily U.S. dollars) When the Thai baht (B) was devalued from its pegged rate of B25.0/$ in July 1997, Siam’s interest payments alone were over $900 million on its outstandi...

FIN 435 Module 8 Chapter 10 Homework Problem 3 Siam Cement, the Bangkok-based cement manufacturer, suffered enormous losses with the coming of the Asian crisis in 1997. The Company had been pursuing a very aggressive growth strategy in the mid1990’s, taking on massive quantities of foreign-currency-denominated debt (primarily U.S. dollars) When the Thai baht (B) was devalued from its pegged rate of B25.0/$ in July 1997, Siam’s interest payments alone were over $900 million on its outstandin...