Charoen Pokphand Foods Plc (CPF) is preparing to issue five series of debentures with tenors of two years to 12 years to retail, institutional and high net worth investors.
The debentures were assigned a rating of A+ by Tris Rating. The subscription period is expected to be within January 2021 through seven financial institutions: Krungthai Bank, Kasikornbank, Siam Commercial Bank, Government Savings Bank, CIMB Thai Bank, TMB Bank and Kiatnakin Phatra Securities.
Paisan Chirakitcharern, CPF’s chief financial officer, said the company plans to issue and offer debentures to refinance existing debts maturing in 2021.
Proceeds from the debenture issuance will be used to refinance existing debts and for funding working capital to support future business expansion.
Retail investors can choose from four series of debentures: a five-year tenor with a coupon rate of 2.99%…
