Bangkok--2 Jul--Bangkok Bank
Bangkok Bank will offer EASY BUY’s new debentures to individual investors for subscription during 9-12 July, 2012, after the success of the past 2 offerings. The new debentures consist of 2 years 11 months and 3 years 7 months debentures with coupons of up to 5.40%.
Mr. Surabhan Purnagupta, Manager, Corporate Finance Department, Investment Banking Group, Bangkok Bank Plc, said Bangkok Bank was to offer up to 3.5 billion Baht of EASY BUY’s new debentures for public subscriptions. The debentures are to be offered at 1,000 Baht per unit, with a minimum subscription of 100,000 Baht per tranche. There are 3 tranches of debentures to be offered. Tranche 1 are secured ones, approx. 2 years 11 months tenor, paying 5.15% per annum. Tranche 2 are also secured debentures, approx. 3 years 7 months tenor, paying 5.40% per annum. Tranche 3 are unsecured debentures, approx. 2 years 11 months tenor, paying 5.40% per annum. The secured debentures received a credit rating of BBB+ from TRIS Rating, being guaranteed by ACOM, one of the largest consumer finance companies in Japan and EASY BUY’s major shareholder. The unsecured debentures received a credit rating of BBB. The new offering represents another good opportunity for investors to invest in EASY BUY’s debentures after the previous 2 offerings received overwhelming interests from the public. The new debentures will be opened for subscription at Bangkok Bank branches nationwide (excluding Microbranches) during 9-12 July, 2012. Thanachart Bank, CIMB Thai Bank, Capital Nomura Securities and KT ZMICO Securities will also offer the debentures through their branches.
Mr. Takeharu Uematsu, Chief Executive Officer of EASY BUY Public Company Limited, stated that the company appreciated investors’ trust in EASY BUY for the past 2 offerings and that he expected the new offering to receive great response from the public again. The company has a strong financial status and a solid growth in net profits over the years, with a 42% increase in net profits last year —from 925 million Baht in 2010 to 1.31 billion Baht in 2011—and the Q1/2012’s net profits of 524 million Baht, or a 51% increase Q-o-Q. The proceeds from the new debenture issuance will be used to repay existing debentures.
EASY BUY was founded in Thailand in 1996. Its major shareholders are ACOM Co., Ltd., a leading Japanese consumer finance business (75% shareholding), and Itochu group (19% shareholding). The company provides consumer finance services via 81 branches. As of 31 March, 2012, EASY BUY held a personal loan portfolio of 27.07 billion Baht, 29.67 billion Baht in total assets, 25.02 billion Baht in total liabilities, and 4.65 billion Baht in total shareholder equity.
Interested customers and investors may request more information on the debentures at Bangkok Bank branches nationwide (excluding Microbranches) or by calling the Corporate Finance Department at 0-2230-2328, Bualuang Phone at 1333, Thanachart Bank at 1770, CIMB Thai Bank at 0-2638-8324, Capital Nomura Securities at 0-2638-5000, KT ZMICO Securities at 02-695-5405-8, or by visiting: www.bangkokbank.com