Bangkok--28 Dec--Bank of Ayudhya
AEON Thana Sinsap (Thailand) Public Company Limited ("AEONTS") had successfully issued its largest dual-tranche debenture issuance of THB 3 billion to institutional and/or high net worth investors. By tranche, the issue size for 3-year and 5-year debentures are THB 2 billion and THB 1 billion, respectively. Due to a very strong orderbook with an oversubscription of 4.17 times, the total issue size was upsized from an initial target of THB 2 billion to THB 3 billion in order to accommodate excess demand from investors. Such overwhelming demand was led by orders from several big-ticket investors following the one-on-one meetings that had proven to be very well-received.
This issuance marks the company's 4th round of debenture offering this year and was assigned A-(tha) rating by Fitch Ratings (Thailand) Limited on 16 November 2017. Bank of Ayudhya Public Company Limited and CIMB Thai Bank Public Company Limited were joint lead arrangers for the debenture issuance.
AEONTS provides a variety of retail finance services, including credit card, hire purchase, and personal loan. The company has an established franchise in the Thai market and is one of the largest consumer finance companies in the country with a nationwide presence, recognized brand and solid financial performance.