Bangkok--28 Jun--Bangkok Bank
Bangkok Bank will distribute debentures for Charoen Pokphand Foods Public Company Limited (CPF), the leading agro-industrial and foods conglomerate, from July 3-4 at its branches nationwide.
The debentures have received an ‘A+’ rating from Tris Rating, while CPF itself and its existing debentures have been upgraded by Tris Rating from ‘A’ to ‘A+’, which reflects its leading position in the agribusiness industry, diverse product and market mix, integration and management skill.
Mr. Surabhan Purnagupta, Bangkok Bank Senior Vice President for Investment Banking, said the debentures would be offered in two tranches. The first tranche of Baht 1.2 billion will mature in three years with an interest rate of 6.30% per annum. The second tranche of Baht 3.8 billion will mature in five years with an interest rate of 6.90% per annum.
The debentures will be offered to both individual and institutional investors. The minimum investment will be Baht 100,000.
“Bangkok Bank’s large customer base and nationwide branch network have put us in an ideal position to distribute debentures and any other securities. We offer a variety of investment products to meet the needs of our clients,” Mr. Surabhan said.
Investors can subscribe for the debentures at Bangkok Bank branches nationwide (except Microbranches) from July 3-4.
CPF is the largest company in the agribusiness sector on the Stock Exchange of Thailand. The company produces and exports high-quality, nutritious, hygienic and safe food products to many markets throughout the world. The company’s vision is to become the ‘Kitchen of the World’.