CPALL to launch four series of debentures
CPALL, operator of 7-Eleven and ALL Online as well as a major shareholder of Siam Makro, plans to issue four series of debentures in the Thai currency.
The first four-year-nine-month-one-day series will be offered to the general public as well as CPALL’s existing debenture holders, while the other three series will be offered to institutional or high-net-worth investors.
The series are expected to be released on September 21-22, 24-25 and 28.
This proposed issuance has been given an AA- credit rating by TRIS Rating.
Bangkok Bank, Bank of Ayudhya, Kasikornbank, Siam Commercial Bank and Kiatnakin Phatra Securities have been appointed as joint lead arrangers.
Kriengchai Boonpoapichart, CP All Public Co Ltd’s chief financial officer, said the debentures on offer are unsubordinated and unsecured.
The first series will be offered at a fixed interest rate of 3 per cent per annum, while the second nine-year-seven-month-14-day series will come at a fixed interest rate of 3.4 per cent per annum. The coupon rate of the two-year-five-month-17-day and 15-year series will be announced later.
