October 4, 2024

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Business is my step

CP Meals set to start 5 series of debentures to finance expansion

2 min read

Charoen 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.&#13
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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

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

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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.

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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.

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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.

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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.

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

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