Mitsubishi issues baht debentures
Bangkok Mitsubishi UFJ Lease Co, Ltd (BMUL) has successfully made an issuance of three-year baht-denominated guaranteed debentures of Bt1 billion, carrying an interest rate of 2.42 per cent.
The debentures, rated "AAA" by TRIS Rating, are fully guaranteed by Mitsubishi UFJ Lease and Finance Company Limited. The proceeds from this issuance will be used to facilitate BMUL's further expansion. This marks the second issuance of baht-denominated debentures by BMUL since 2013.
The offering received a warm response from investors with a total demand of Bt1.80 billion (1.8 times oversubscription) from a wide array of institutional investors, including asset management companies, government-related funds and non-life insurance companies. Bangkok Bank PCL and Bank of Ayudhya PCL were joint lead arrangers for the debenture issuance.
