Tuesday, August 04, 2020

JKN Global Media appoints KTZ to underwrite Bt400m debenture issuance

Jul 13. 2020
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By THE NATION

JKN Global Media Plc has appointed Krungthai Zmico Securities as its lead underwriter to issue debentures worth Bt400 million. The issuance will fund JKN’s working capital and investments in current businesses.

“The senior unsecured debentures will be offered to institutional and high net worth investors from July 21-23 with minimum buying value of Bt100,000. The debentures will offer an interest rate at 6.6 per cent per annum with a tenor of 2 years and 9 months [maturity in 2023]," said ML Thongmakut Thongyai, CEO of Krungthai Zmico Securities (KTZ).

"JKN has plans to spend the whole amount of its proceeds from the debenture issuance this year on its working capital as well as to support its ongoing businesses,” Thongmakut added.

As of July 13, JKN's market capitalisation on the Stock Exchange of Thailand (SET) was Bt3,705.74 million.

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