BJC to offer new debentures to retail investors
Berli Jucker Public Company Limited (BJC), the major shareholder of Big C Supercenter and a leading consumer goods and packaging products company in Thailand, has announced the public offering of its new debentures with tenures of 4 years, 6 days and 10 years, 6 days. The expected subscription period is May 28-29 and June 1.
BJC president and CEO Aswin Techajareonvikul said on Tuesday (April 28) that BJC will offer the 4-year-6-day debentures with a coupon rate of around 2.8-3 percent and the 10-year-6-day debentures with a coupon rate of around 3.4-3.5 percent after the company recently submitted its filing to the Securities and Exchange Commission of Thailand (SEC).
The 10-year-6-day debentures have a call option granting the company an early redemption right starting from the 5th anniversary of its issuance.
The proceeds of the new issuance will be used to refinance BJC's existing debentures maturing in early June 2020.
The joint-lead arrangers for the new debentures are Bangkok Bank, Kasikornbank, Krung Thai Bank, and Phatra Securities. The features and details of the debentures are still being considered, and BJC will announce the final structure to the public once it has been finalised.
"With our diversified business portfolio, multiple revenue streams, and strengthened competitive positions of our core business, we believe BJC's debentures will again be an attractive investment opportunity for retail investors,” Aswin said.
“As of February 14, 2020, BJC was rated ‘A+’ with negative outlook by TRIS Rating."
