CPALL to offer 4 series of Thai Baht debentures with expected subscription period during 21-22, 24-25, and 28 September

Stocks and Financial Services Press Releases Monday August 24, 2020 13:16
Bangkok--24 Aug--i2C Communications

CPALL to offer 4 series of Thai Baht debentures with expected subscription period during 21-22, 24-25, and 28 September, providing investment opportunity with coupon rate of 3.00% p.a. for 4-year-9-month-1-day series

CPALL, the operator of 7-Eleven and ALL Online, the major shareholder of Siam Makro Public Company Limited, plans to issue four series of Thai Baht debentures. The 4-year-9-month-1-day series will be offered to the general public including CPALL’s existing debentureholders while other three series will be offered to institutional and/or high net worth investors. Expected subscription period are during 21-22, 24-25, and 28 September. The proposed issuance has been assigned with the credit rating of AA- by TRIS Rating. Bangkok Bank, Bank of Ayudhya, KASIKORNBANK, Siam Commercial Bank, and Kiatnakin Phatra Securities are appointed as the Joint Lead Arrangers.

Mr. Kriengchai Boonpoapichart, Chief Financial Officer of CP ALL Public Company Limited, said that CPALL will offer four series of unsubordinated and unsecured debentures with debentureholder representative. The 4-year-9-month-1-day series will be offered to retail investors including CPALL’s existing debentureholders with a fixed interest rate of 3.00% p.a. while other three series comprising 9-year-7-month-14-day series with a fixed interest rate of 3.40% p.a., 2-year-5-month-17-day series, and 15-year series will be offered to institutional and/or high net worth investors. The coupon rate of the latter two series will be announced later. The subscription period will be during 21-22, 24-25, and 28 September.

“I believe the proposed debentures offering will be a great opportunity for investors who are seeking to invest in good credit company with proven track record as the leading retailer in Thailand. The debentures are rated AA- by TRIS Rating, reflecting CPALL’s leadership in Thailand’s retail business. CPALL has also built a solid platform to provide online-to-offline (O2O) services via both ALL Online and the 7-Eleven delivery service to address the changing of consumer lifestyle,” Mr. Kriengchai said.

CPALL has been the market leader in convenience store segment through its nationwide network under the '7-Eleven’ brand for over 32 years. As of 30 June 2020, there are 12,089 stores of 7-Eleven nationwide. CPALL continues to deliver convenience and wide varieties of food and services while creating good experience for customers.

Currently, CPALL’s core business structure is divided into three business groups; retail business, wholesale business, and related businesses. The related businesses include bill payment service; banking agent providing funds deposit/ withdrawal/ transfer services; production, processing and sale of ready to eat and bakery products; one-stop sale of products and equipment for retail business and convenience stores; warehouse management and logistics services; ordering, delivering and receiving goods and services via multiple O2O channels serving the needs of consumers anywhere and anytime; providing health and wellness services to the communities, and establishment of secondary, vocational, and tertiary educational institutions for society. In addition, CPALL is the major shareholder of Siam Makro Public Company Limited or MAKRO, which is well-positioned for further growth.

Mr. Kriengchai added that CPALL has been propelling Thailand’s economy by generating over 170,000 jobs, especially in this difficult time where the labor market has been hit by COVID-19 pandemic. Therefore, the upcoming debenture issuance will not only provide investment opportunity for investors but also create a chance to help the society under “Giving and Sharing Opportunities”.

Investors can be confident in the company’s solid standing as the world-class retailer and one of the top market capitalization company in the Stock Exchange of Thailand. The Company was nominated as a leader in the Food & Staples Retailing Industry of the Dow Jones Sustainability Indices (DJSI) World Index and was selected as a member of the DJSI Emerging Markets Index for two consecutive years (2017-2019). CPALL was also selected as a constituent of the FTSE4Good Index, a global sustainability index, for the second consecutive year Moreover, CPALL was added as a member of the 2019 Thailand Sustainability Investment (THSI) from Stock Exchange of Thailand for the second consecutive. All these awards and recognitions internationally and domestically are the results of CPALL’s commitment to operating with consideration for stakeholders in all dimensions – economic, social, and environmental – and to building a sustainable organization.

For individual investors interested to invest in the debentures from CP ALL Public Company Limited, please study more details at www.sec.or.th or contact the following financial institutions.
Bangkok Bank Public Company Limited Tel. 1333
Bank of Ayudhya Public Company Limited Tel. 1572
Kasikornbank Public Company Limited Tel. 02-888-8888 press 819
Siam Commercial Bank Public Company Limited Tel. 02-777-6784
Kiatnakin Phatra Securities Public Company Limited Tel. 02-305-9442

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