BBL underwrites Easy Buy bonds

THURSDAY, DECEMBER 08, 2011
BBL underwrites Easy Buy bonds

Bangkok Bank will underwrite the Bt1.5 billion bonds for Easy Buy Plc during Dec 19-22.

 


 The bonds quote coupon rates of 5.25 per cent for the ones with 2-year maturity, 5.50 per cent for 3-year bonds and 6 per cent for 4-year bonds. 
 Surabhan Purnagupta, Corporate Finance Department Manager, Investment Banking Group, Bangkok Bank Plc, said minimum investment is Bt100,000.
  "Easy Buy debentures represent a good opportunity for investors to invest in securities with attractive yields," he said.
 BBL is the sole lead underwriter, while Thanachart Bank and Capital Nomura Securities act as co-managers.
 Easy Buy is one of the leading consumer financing companies in Thailand under the “Umay+” brand. It has 26 per cent share in the market of non-bank financial service providers. The company showed Bt925 million net profit in 2010 and Bt1.12 billion in the first 9 months of 2011.