Bangkok--30 Sep--Thaicom
Thaicom Public Company Limited (THCOM) has issued 5-year and 7-year Senior Debentures in the total amount of Baht 4,550 Million. The debentures will be offered to individuals and institutional investors with a minimum subscription amount of Baht 100,000. The subscription period is during 29th September to 1st October 2014 through 4 major banks. The main purpose of these debentures is to reduce the financial cost of THAICOM 7 Satellite more than 50%.
Suphajeee Suthumpun, Chairman of the Executive Committee and CEO, Thaicom PLC stated that, “The objectives of these debentures will be used as a prepayment for THAICOM 7 Satellite Loan and for the investment in THAICOM 8 Satellite Project. The benefits in offering the debentures are, firstly, that the Company will be able to reduce the financial cost of investment and, secondly, also to provide the opportunities for Thai investors to be an owner of THAICOM, the national satellites.
The Company shall issue 2 tranches of debentures in terms of 5-year and 7-year, to individuals and institutional investors with the offering price per unit at 1,000 Baht, at a minimum subscription amount of Baht 100,000. The subscription period is from the 29th September to the 1st October 2014. The 5-year coupon interest rate is 4.28% per annum while the 7-year coupon interest rate is 4.68% per annum. Thaicom will pay the interest every 6 months.
The Company sets the issuance of debentures at the amount of 4,550 Million Baht. Tris Rating Co., Ltd. has confirmed Thaicom's credit rating at “A-”. The outlook remains “stable” as of the 29th July 2014.
For more information, interested investors please contact the following banks:
Krungthai Bank Tel. 1551 www.ktb.co.th
KASIKORNBANK PCL Tel. 02-888-8888 # 870 www.kasikornbank.com
Standard Chartered Bank (Thai) Tel. 1595 www.sc.com/th/
Thanachart Bank Tel. 1770 www.thanachart.co.th