CP Meals set to start 5 series of debentures to finance expansion
2 min readCharoen Pokphand Foodstuff (CP Foodstuff) is finding ready to situation and offer you 5 series of debentures with tenors of two to 12 many years to retail and institutional traders as nicely as substantial-web really worth buyers.

The debentures have been assigned an A+ by TRIS scores and the subscription period is envisioned to be held throughout January. There are 7 economical institutions overseeing the problem, specifically


Krungthai Lender, Kasikornbank, Siam Professional Financial institution, Government Cost savings Lender, CIMB Thai Lender, TMB Bank and Kiatnakin Phatra Securities.


Paisan Chirakitcharern, chief financial officer, said CP Food items strategies to concern debentures to refinance its current money owed maturing in 2021 and for funding long run organization expansions.


Retail investors will be made available 4 sequence of debentures: a 5-calendar year tenor at a coupon price of 2.99 for each cent per annum, a 7-calendar year tenor with a coupon charge of 3.15 for each cent per annum, the 10-calendar year tenor with a coupon fee of 3.60 per cent for each annum and a 12-12 months tenor with a coupon level of 3.80 for each calendar year. Meanwhile, the 2-calendar year tenor will only be made available to institutional investors and/or high-web worthy of investors.


The final coupon level of the 2-calendar year tenor debentures will be determined and announced at a later on phase, with interest being paid for debentures every single six months.


Retail traders and superior-web worthy of buyers interested in the debentures can subscribe for a minimum amount Bt100,000 in multiples of Bt100,000.


Far more details are offered at www.sec.or.th or by using the joint guide arrangers.

