CPALL’s Success on Multi-tranche Thai Baht Debentures Offering

Stocks and Financial Services Press Releases Wednesday September 30, 2020 10:35
Bangkok--30 Sep--i2C Communications

CPALL, the operator of ALL Online and 7-Eleven and the major shareholder of Siam Makro Public Company Limited, declared success of its four-tranche Thai Baht debentures offering to the general public including CPALL’s existing debentureholders as well as institutional and high net worth investors. CPALL achieved its targeted issuance size with robust demand and significant support from various types of investors. The Joint Lead Arrangers indicated that CPALL’s offering was very well received by wide array of investors who are in search of satisfactory rates of return on a good credit rating company with sustainable growth, expansion potential and the commitment to enhance the wellbeing of the community under the objective of “giving and sharing opportunities”.

Mr. Kriengchai Boonpoapichart, Chief Financial Officer of CP ALL Public Company Limited, informed that CPALL’s debentures offering during 21-22, 24-25, and 28 September gained overwhelming interest from investors leading to the achievement in CPALL’s target issuance size. The debentures which are unsubordinated and unsecured with debentureholder representative were offered in four series. The debentures consist of 4-year-9-month-1-day tenor offered to retail investors with a fixed coupon rate of 3.00% p.a. while three other series were offered to institutional and/or high net worth investors comprising 2-year-5-month-17-day tenor with a fixed coupon rate of 1.90% p.a., 9-year-7-month-14-day tenor with a fixed coupon rate of 3.40% p.a., and 15-year tenor with a fixed coupon rate of 3.90% p.a..

“CPALL would like to thank investors for their trust and interest in our debentures and also thank Bangkok Bank Public Company Limited, Bank of Ayudhya Public Company Limited, Kasikornbank Public Company Limited, Siam Commercial Bank Public Company Limited, and Kiatnakin Phatra Securities Public Company Limited, the Joint Lead Arrangers who were a part of this achievement. CPALL will use the proceeds from the debenture issuance to continue creating growth opportunities and provide more opportunities to all sectors in the Thai society” Mr. Kriengchai said.

The Joint Lead Arrangers said that this successful offering not only meets investors’ investment appetite for satisfactory rate of return but also reflects investors’ confidence in CPALL’s solid credit story with policies to support development towards sustainability. The credit rating of “AA-” by TRIS Rating reflects CPALL’s leading position in Thailand’s retail business. In addition, CPALL is also expanding into online services and the O2O business via both ALL Online and the 7-Eleven delivery service to adapt to the change in consumer lifestyle.


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