KBank, KTB to arrange Ch Kanchang's Issue

Panop Ansusinha, head of investment banking at KBank, said yesterday that the unsubordinated and unsecured debentures will pay interest quarterly. The issuer has the right of early redemption. The minimum subscription is Bt100,000.
Prasert Marittanaporn, director and senior executive vice president for administration at Ch Karnchang, said the company is now arranging for the debenture issuance worth up to Bt3 billion, with additional debentures of up to Bt1 billion on offer.
The company will likely set the coupon rate this month. It expects a credit rating of “BBB+” with a “positive” outlook from TRIS Rating for its |debentures, reflecting its decent operating performance and financial flexibility.
 Given appropriate returns on the company’s debentures in the past, this issue should attract many investors like before, he said.
Ch Karnchang is a top construction company with more than 40-years of experience in massive infrastructure projects, such as expressways, electric railway systems, water supply and power generation systems, which guarantee stable and steady income growth.

Industry veteran appointed as director of BMW Thailand
BMW Thailand has appointed Danish native Lars Nielsen as sales and marketing director to succeed Ralf Bissinger.
Nielsen has seven years of experience with BMW and more than 16 years in the automobile industry. He comes to Thailand from BMW in Munich, where he dedicated the last three years as manager of Europe, overseeing Great Britain, France, Belgium, the Netherlands, Switzerland and Scandinavia.
He successfully steered overall volume development within the assigned markets while overseeing and supporting several cross-functional projects with the aim of optimising output and results for the group.
Matthias Pfalz, president of BMW Thailand, said yesterday that the company welcomed Nielsen after his time in Munich, where he was instrumental in influencing focus areas and decision making within the European sales region.
“We are looking forward to working with Nielsen to further develop BMW Thailand‘s strategic business growth in years to come.”
Nielsen will be responsible for management and development of the marketing and sales portfolio in Thailand including brand management, planning, sales, product planning and marketing communications for both imported and locally-assembled |vehicles.
He will be working to demonstrate BMW Thailand’s commitment to increase business as well as customer satisfaction with the sustainable growth of the company.

Bangkok scooter dealer unveils Vespa special edition
Vespiario Thailand, the sole |distributor of Italian premium scooters Vespa and Piaggio in Thailand, has unveiled the Vespa GTS 150 3Vie Special Edition.
Blessed with a new design touch, this limited-edition scooter is distinguished by its “grigio titanio” (titanium grey) body colour, a black metal special-edition plate and Italian-styled red leather seat.
It perfectly combines a luxurious look and feel with superb performance for all riding conditions. It will be marketed exclusively in Thailand with limited availability of 300 units.
Power comes from a 150cc, four-stroke, three-valve engine with electronic injection and forced air-cooled system. Thanks to its sporty contour, dynamic proportions and reduced weight, urban riding is much more |nimble while fuel efficiency is improved.
The scooter’s unique monocoque structure greatly enhances its riding performance and durability. It has a large underseat compartment. Its front suspension is a single arm with helical spring and single double-acting hydraulic shock absorber. Dual piston calliper disc brakes at the front and rear add up to riding safety and performance.
The model is sold at Vespa’s |authorised dealers nationwide for Bt142,900 with a complimentary safety helmet.