OREANDA-NEWS. Fitch Ratings (Thailand) Limited has confirmed the National Long-Term Rating on CP ALL Public Company Limited's (CP ALL; A+(tha)/Negative) new senior unsecured bonds at 'A(tha)'. The confirmation follows an increase of up to THB7bn, from THB5bn.

The bonds will be issued in four tranches due in 2021, 2023, 2026 and 2028. The proceeds will be used to refinance some of CP ALL's existing unsecured debt.

Fitch assigned the rating to the senior unsecured bonds on 6 March 2016. More information on the initial rating action may be found in the media release "Fitch Rates CP ALL's Unsecured Bonds 'A(tha)'" at www.fitchratings.com.