Corporate News
Siam City Cement successfully launched Debentures of THB 13 billion
Siam City Cement Public Company Limited (SCCC), one of the leading cement producers in Thailand, successfully completed the issuance of THB 13 billion in new senior and unsecured debentures which were the largest size ever issued by SCCC. The issuance attracted strong supports from institutional investors and high net worth investors with the result of 4.2-time oversubscribed. This reflected to the confidence of investors in SCCC’s financial positions and operations.
The debentures comprised of 4 tranches: 3-year tranche 2.49% p.a. amount THB 1,000 mil., 7-year tranche 3.65% p.a. amount THB 2,500 mil., 10-year tranche 4.08% p.a. amount THB 5,000 mil. and 12-year tranche 4.26% p.a. amount THB 4,500 mil. The debentures obtained rating of ‘A(tha)’ with stable outlook by Fitch Ratings (Thailand) Limited on 17th March 2017.
SCCC will use the proceeds from the Thai Baht debentures issuance for investing in production and sales of cement and/or related business and/or working capital and/or debt repayment. Bank of Ayudhya Pcl. and Bangkok Bank Pcl. were the Lead Managers.
For more information, please contact Treasury Center: Ms. Sudaporn Trongvinitchai
at 02-797-7000 ext. 7086