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Kasikornbank is offering US dollar-denominated senior unsubordinated and unsecured debentures worth US$400 million (Bt13.8 billion). The tenor period is five years and six months, with 2.37 per cent interest paid every six months. 

Due in 2022, the debentures are being issued in response to the recent growth in foreign currency-denominated debts, and as part of Kbank’s strategy to sustain its competitive advantage by boosting the liquidity of its foreign assets.

Following the success of the bank’s last debenture issuance in 2014, this new offer has again been well received by foreign financial institutions, with subscription triple the available amount. The bank said this proved that foreign institution investors continued to show trust in Kbank’s products. 

Predee Daochai, president of KBank, said: “The bank considers the roll-out of debentures as a vital funding structure management strategy and a means to raise our competitiveness in financial markets, which will also help the bank maintain appropriate financial costs in the long run.”

 

SAHAKOL EQUIPMENT COMPANY|TO LAUNCH IPO THIS MONTH

Sahakol Equipment Co Ltd has filed with the Securities and Exchange Commission the plan to launch an initial public offering not exceeding 380 million shares in the Stock Exchange of Thailand this month 

SQ, which has registered capital of Bt1.150 billion, is a mining contractor for mega mining projects, mine planning and logistic solutions, open-pit mining operation, and heavy-duty machine leasing, rental and maintenance.

 

CHINESE PLASTICS COMPANY TO BUILD FACTORY IN VIENTIANE

Vientiane provincial authorities have granted permission to a Chinese company to invest in a plastics factory to supply goods for local consumption and for export.

With a capacity to produce 24,000 tonnes of products a year, the factory will make woven plastic goods, including rice bags. It aims to supply 30 per cent of its output to local buyers and export the remainder to Asean countries.

Under the agreement, the Chinese company will invest US$32 million (Bt1.1 billion) to build the factory on a 46-hectare site in Phonkham village, Keo-oudom district. 

 

BRUNEI OPENS ASEAN’S FIRST AVIATION TRAINING CENTRE

The CAE-Brunei Multi-Purpose Training Centre (MPTC) is the first training centre in the Asean region providing end-to-end simulation-based training services across a range of market segments.

They include defence, aviation, emergency/crisis management, healthcare and potentially other industries. 

MPTC was formed in April 2012 following a joint venture between the government of His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam and a publicly-listed simulation systems manufacturer, CAE Inc, which is based in Montreal. 

Further expansion plans will include simulation training for military helicopters. The MPTC customers include local institutions such as the Royal Brunei Air Force and Brunei Shell Petroleum Company.

 

KRITTAPHONG GROUP BUSINESSES CONTINUE TO GROW IN LAOS 

Krittaphong Group is pouring capital into various mega projects to build stronger business capacities in Laos.

Its investment mainly focuses on commercial centres, residences, hospitality, finance, agriculture and construction. 

In Vientiane, major properties belonging to it include the Landmark Mekong Riverside Hotel, the five-star Don Chan Palace hotel, the Vientiane Centre – a modernised shopping centre – and Vientiane New World, an international shopping street. It also owns ASEM Villa – a top luxury villa village which has served the ASEM Summit and Asean Summit – and the AVIC Townhouse, a townhouse project.