Bangkok--3 Oct--SMC
Mrs. Pornnipa Hachaiyaphum, President of Secondary Mortgage Corporation (SMC) review that ”The book building of SPV-SMC (7) co., ltd.’s Mortgage-Backed Securities (MBS) Interest rate 4.25 per year, issue size 3,200 million baht, period 5 years has received a good respond from investors and gain about 1.7 times of the actual offering size.”
Mrs. Pornipa further review that ”The success of this offering is the consequence of an excellent strategic building along with the active planning to provide information and give a clearer understanding to investor about SMC’s MBS as well as expanding business opportunities to purchase more good mortgage loan. We also believe that the investor still need to invest in low-risk debenture which provide secured, transparency and well- managed.”
Ms. Unchulee Simasathien, Senior Executive Vice President (Finance) of SMC also added that “The offering of SPV-SMC (7) co., ltd.’s MBS has received a highly respond from institutional investor, the reason of this outcome came from the nature of our MBS backed by good mortgage loan from major bank along with Rating AA- (sf) from TRIS corporation limited which reflect a strong creditability of SMC as one of Ministry of Finance’s SFI.”