On May 8th, 2019, the Ministry of Finance, the Small and Medium Enterprise Development Bank of Thailand (SME D Bank) and the Bank of Thailand (BOT) have signed a Memorandum of Agreement (MOU) to develop SME D Bank bond issuances through the electronic bidding (e-Bidding) platform as part of SOEs funding strategies.
The SOEs e-Bidding platform has been developed in consistent with the platform used for Government Bond issuances. This platform achieves the goal in promoting innovation and digital networks to improve processes. Furthermore, it leads to expansion of investor base and response to funding need of SME D Bank in order to support small and medium industries.
In FY2019, SME D Bank plans to issue bond not exceeding 21,000 million baht through the e-Bidding platform. The SME D Bank bond issuances will start in May and June 2019 for 3 and 5 year-bonds and these bonds will continually be re-opened later on. The details of SME D Bank e-Bidding schedule are as follows.
Description SME231A SME252A Amount (million baht) Not exceeding 3,000 Not exceeding 5,000 Tenor 3 years 8 months 5 years 8 months Bidding Date Monday, 27th May 2019 Monday, 17th June 2019 Coupon Announced 2 days in advance before bidding date Guarantor Ministry of Finance (MOF Standard Guarantee Agreement)
The SME D Bank bond issuances will be announced on quarterly SOEs borrowing schedule on the Public Debt Management Office (PDMO)’s website at least 1 week prior to the relevant quarter. PDMO would like to thank you in advance for your participation and look forward to receiving your support. For any queries please contact 02-265-8050 ext. 5405.
Source: Ministry of Finance