Bangkok--28 Apr--KASIKORNBANK
Berli Jucker Public Company Limited (“BJC”), the major shareholder of Big C Supercenter and a leading consumer goods and packaging products company in Thailand, has announced the public offering of its new debentures with the tenor of 4-year-6-day and 10-year-6-day. The expected subscription period is during 28 – 29 May and 1 June 2020.
Mr. Aswin Techajareonvikul, CEO and President of BJC, discloses that BJC is now set to offer new 4-year-6-day debentures with a coupon rate of around 2.80 – 3.00% and 10-year-6-day debentures with a coupon rate of around 3.40 – 3.50% to the public after the company recently submitted the filing to the Securities and Exchange Commission of Thailand (SEC). The 10-year-6-day debentures have a call option granting the company an early redemption right starting from the 5th anniversary of its issuance. The proceeds of the new issuance will be used to refinance BJC’s existing debentures maturing in early June 2020. The tentative subscription period is during 28 – 29 May and 1 June 2020. The joint-lead arrangers for the new debentures are Bangkok Bank, KASIKORNBANK, Krung Thai Bank, and Phatra Securities. At present, the features and details of the debentures are still under consideration, of which BJC will announce the final structure to the public once it has been finalized.
Mr. Aswin said, “With our diversified business portfolio, multiple revenue streams, and strengthened competitive positions of our core business, we believe BJC’s debentures will again be an attractive investment opportunity for retail investors. As of 14 February 2020, BJC was rated 'A+’ with negative outlook by TRIS Rating.”
For more information, please contact the joint-lead arrangers whose contacts are listed below:
- Bangkok Bank (except micro branches) Tel. 1333
- KASIKORNBANK Tel. 02-888-8888 ext. 819
- Krung Thai Bank Tel. 02-111-1111
- Phatra Securities Tel. 02-305-9442
Disclaimer: The filed Registration Statement and the Draft Prospectus are in the process of consideration by the SEC and are not yet effective. The allotment of the debentures to subscribers shall be at the absolute discretion of the joint-lead arrangers, as disclosed in the Registration Statement and Draft Prospectus.
Notice: Bond investment is subject to risks. Investors should carefully study information regarding the characteristics of product, return, and risk prior to making investment decision. For more information, investors may download the Draft Prospectus which is available at www.sec.or.th