Sun, October 24, 2021

business

CPF raises Bt30 billion as investors lap up debentures


Charoen Pokphand Foods Pcl (CPF) successfully offered five series of debentures with a tenor of two years to 12 years and coupon rates from 1.75 per cent to 3.80 per cent to retail investors and institutional and/or high net worth investors during the period from January 18-21.

The joint lead arrangers revealed that investors were still looking for debentures with attractive returns, especially those issued and offered by stable and sustainable companies, and CPF debentures tick all the right boxes.

Paisan Chirakitcharern, chief financial officer, said that CPF would like to thank all investors, both retail and institutional and/or high net worth investors, for trusting and showing interest in the debenture issue.

Seeing the response, CPF decided to exercise the greenshoe option -- selling more debentures than initially planned -- and raised a total of Bt30 billion.

Published : January 22, 2021

By : The Nation