TFG sold out, debentures 900 million baht
Date 17 Jan 2022 time 20:29
Thaifoods Group Plc. is delighted! 900 million baht debentures are sold out. Institutional and large investors are overwhelmed. Supporting the year 65 business plan, expanding the retail business investment Pork business in Thailand and Vietnam
TFG sold out, debentures 900 million baht
Thaifoods Group Plc. is delighted! 900 million baht debentures are sold out. Institutional and large investors are overwhelmed. Supporting the year 65 business plan, expanding the retail business investment Pork business in Thailand and Vietnam
Miss Sirilak Set up Wiboon Commercial Chief Financial Officer of Thai Foods Group Public Company Limited (TFG) revealed that the Company has successfully offered the debentures No. 1/2565, the offering amount does not exceed 700 million baht, and the debentures are reserved. for additional offering not exceeding 200 million baht, total value not exceeding 900 million baht, 3-year debenture maturity, maturity year 2025, fixed interest rate 4.25% per annum, interest payment every 3 months, offered to institutional investors and /or high net worth investor Between 11-13 Jan 2022 through distribution managers, namely Nomura Securities Pattanasin Securities, Asia Plus Securities, KGI Securities (Thailand) and Trinity Securities
For the purpose of issuing debentures this time The Company will use the proceeds as working capital for operations. and to support the company’s business expansion Expected to use within 3 months from the issuance date. TRIS Rating Co., Ltd. rated the company’s creditworthiness at BBB, with a stable outlook on 19 Oct. 21.
“We would like to thank the investors for the excellent reception of TFG’s bonds. The company plans to use the money as working capital to support business expansion. to increase production potential and competitiveness for the group of companies.”
TFG’s chief accounting and financial officer said that the 2022 action plan is mainly for retail expansion. Pork business in Thailand and Vietnam to support the needs of consumers according to the economic recovery Driving performance for strong and sustainable growth in the future
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