Bangkok--10 Mar--SCB
Quality House PCL or "QH" will offer 3-year 1.3 billion baht debentures at a fixed coupon rate of 5.30% payable every 3 months. The debenture will cater to retail investors with minimum investment of 100,000 baht and can be subscribed at branches of Bangkok Bank, Siam Commercial Bank and TMB Bank during March 16-18.
QH Director and Senior Executive Vice President Suwanna Buddhaprasart notes about this bond issuance that "QH will use funding raised through these debentures to refinance its existing loans borrowed at higher cost and for its working capital. Interested investors can subscribe the debentures at branches of Bangkok Bank, Siam Commercial and TMB Bank".
QH is widely recognized as one of Thailand’s leading property developers with a credit rating of "A-" with "Stable" outlook from TRIS. The rating reflects the Company's successful track record in property development market over the past years and its strong position in middle and upper housing markets. The Company reports stable revenue streams from service apartment and office buildings and is expected to record satisfactory profitability due, in part, to the government's tax privileges granted to real estate sector.
Siam Commercial Bank PCL is the leading universal bank in Thailand. It was established by Royal Charter in 1906 as the first Thai Bank and, as at September 30, 2008, had the highest market capitalization among Thai Financial Institutions (Baht 164 billion). It has the largest branch (952), exchange booth (137) and ATM (6,030) network in the country, attesting to its dominant position in the retail financial services marketplace. It has a diverse range of Corporate, SME, Private, and Retail customers nationwide, and has the third highest asset size among financial institutions in Thailand (Baht 1,197 Billion). Further information is available on the Bank's web site www.scb.co.th.
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