Ms. Unchulee Simasathien, SMC Senior Executive Vice President of Capital Market and Treasury Group, and Acing President, presided over the opening of a hearing forum for institutional investors. She addressed the audience, "We are very delighted and honored to hold this forum where investors can voice your opinions on the topic "Securitization Scheme for Pass-through Securities" to support our development of a new securitization product type which is different from other types earlier issued and offered by SMC. This type of securities generates cash flows from a pool of assets with different maturities to suit diverse market and investor demand. Investors attending the forum today are mainly financial institutions, insurance companies, cooperatives, associations, and other juristic entities, who are interested in this type of securities."
"Last year, SMC issued and offered MBS (mortgage-backed securities) worth around Baht 7,000 million, which was about 40% over the target of Baht 5,000 million, and a growth of 71% from Baht 4,082 million offered in 2014. SMC's MBS was warmly welcome and oversubscribed by investors, i.e. two-fold of the Baht 5,000 million offered, viewing SMC's status as an MOF state enterprise and having strong credit rating of AA-. This hearing forum aims to support SMC's commitment to serve investors and develop MBS market to satisfy investor needs. We are ready to respond to the MOF policy on development of SMC products in a broader diversity and for higher efficiency as part of our role in the development of the country's secondary mortgage market," added SMC Acting President.