CPF appreciates investors for their trust, Demand for the Bond subscription over its target of 25,000 million baht

Stocks and Financial Services Press Releases Friday June 5, 2020 10:57
Bangkok--5 Jun--i2C Communications

CPF revealed that the current bond   issuance and offering is overwhelmingly sucessful. The bond Arrangers stated that the key success factors for this fund raising was investors’ confidence in the company, whose products are one of the four requisites in living,   CPF’s excellent performance,   and its excellent past record as a good bond issuer without any default on payment.

Mr.Paisan Chirakitcharern, Chief Financial Officer of Charoen Pokphand Foods Public Company Limited (“CPF”), which operates an integrated agro-industrial and food business under the vision to become the “Kitchen of the World”, disclosed that there have been   an impressive   feedback from investors on the 6 series of CPF’s bonds. , Those 6 series of bonds had   offered   to various groups of the investor. The bonds   attracted considerable interest from all investor groups with the interest   over the Company’s target of 25,000 million baht..

“The Company gratefully appreciates   investors for their trust in our bonds , and would like to apologize to those who were unable to subscribe. This bond issuance will enhance our financial position. CPF is determined to generate fair financial returns for all stakeholders, intends to grow our business sustainably and solidly   under our vision to become the “Kitchen of the World”. We extend our appreciation   to all five Joint Lead Arrangers – KASIKORNBANK, Krungthai Bank, Siam Commercial Bank, CIMB Thai Bank, and Government Savings Bank – and all   investors who contributed to the great success in our bond offering this round,” concluded the Chief Financial Officer of CPF.

In addition, the Arrangers acclaimed   that besides the satisfactory return and   credit rating of A+ from TRIS Rating Co., Ltd., one significant success factor for the positive feedback on CPF’s bonds was investors’ trust in its leading position as a sustainable agro-industrial and food business operator. Apart from that the strong financial performance has been a main considerations of   investors to subscribe   the CPF’s bonds.

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