Bangkok--11 Jul--ธนาคารธนชาต
Thanachart Securities secured its ‘leadership’ in the market with an ‘A’ rating from TRIS Rating by expanding its business into issuance of derivative warrants (DW) to increase investment option for clients with effective returns. The first two will be offered to publics this coming July 12.
Mrs. Asvini Tailanga, Managing Director, Thanachart Securities Public company Limited revealed that after receiving an ‘A’ rating from TRIS Rating, the Company aimed to develop and seek more products to increase investment options and channels to cater for all demands of its customers. On July 12, 2012, the Company planned to launch its DW which is another widely- accepted product with potential for continuous growth. The DW to be issued and traded will be in referral to the individual index in SET 50, a major underlying asset with strong fundamental and potential future growth.
In an initial stage, the Company would offer a call warrants namely Advance Info Service Ordinary Share Derivative Warrant (ADVA16CA) and Charoen Pokphand Foods Ordinary Share Derivative Warrant (CPF16CA), the price of which would be set appropriately to the underlying assets in the initial date of offering. The DWs would also be offered via Direct Listing in the Stock Market without advance IPO. Interested investor could utilize their existing portfolio to purchase the DWs issued by Thanachart at the market price similarly to other securities offered in the Stock Market.
Additionally, the Company plans to issue approximately 20 DWs in the second half of the year covering all categories such as Financial and Banking (SCB, KBANK); Energy (ESSO, TOP) and Communications (DTAC, TRUE).
“The Company hopes that the new investment product would be another alternative yielding effective return on investment for our clients’ investment portfolio.” stated Mrs. Tailanga.
Thanachart Securities has recently received an ‘A’ credit rating from TRIS Rating last April, 2012 with a statement that such rating was to confirm the stability of the Company which is one of Thanachart’s subsidiaries yet with strategic significance to the Group and with experienced executives and prudential management style and ability to maintain high market share as well as excellent credit management capacity. All of which are to confirm that financial products issued by Thanachart are with high creditability.