Sunday September 24, 2017 15:29

DEBENTURES Press Releases

Photo Release: KBank is named underwriter for Sansiri debentures, No. 3/2017 Stcoks—13 Sep 17

At KBank Phahon Yothin Building, Mr. Predee Daochai (third from right), President of KBank, and Mr. Apichart Chutrakul (fourth from right), Chief Executive Officer of Sansiri Public Company Limited,recently participated in a signing ceremony to appoint

Fitch Rates GPSCs New THB Debentures #A+(tha) Stcoks—24 Aug 17

Bangkok--24 Aug--Fitch Ratings

Fitch Ratings (Thailand) Limited has assigned a National Long-Term Rating of 'A+(tha)' to Global Power Synergy Public Company Limited's (GPSC, A+(tha)/Stable) new THB5 billion unsecured and unsubordinated debentures due 2021 and 2024. The proceeds of the bonds will be used to refinance bank loans and fund future capex and investments.

The senior unsecured debentures are rated at the same level as GPSC's National Long-Term Rating based on Fitch's expectation that most of GPSC's future debt will be unsecured and therefore GPSC's secured debt/EBITDA is likely to remain below 2.0x. GPSC's secured debt/EBITDA was 1.7x at end-July 2017 after the company repaid a bank loan for its Central Utility Plant project on 31 July 2017, leaving it with secured debt of THB5.9 billion (based on a 51% proportionate consolidation of IRPC Clean Power). Fitch estimates that GPSC's secured debt/EBITDA will increase to 1.9x at end-2017 and drop thereafter, as its power projects start to pay down their secured debt.

However, if secured debt/EBITDA increases to above 2.0x on a sustained basis, Fitch could downgrade GPSC's debentures to reflect additional subordination risk.
KEY RATING DRIVERS
Low Volume Risk, Strong Counterparties: Most of GPSC's revenue is derived from contracted power and steam sales t

Fitch Rates Siam Cement#s New Debentures #A(tha)# Stcoks—15 Aug 17

Fitch Ratings (Thailand) Limited has assigned a National Long-Term Rating of 'A(tha)' to The Siam Cement Public Company Limited's (SCC, A(tha); Positive) new THB35 billion unsecured and unsubordinated debentures. The debentures will be issued in two

Thaicom receives A- rating with stable outlook from TRIS Rating for 4th consecutive Stcoks—09 Aug 17

Thaicom PLC (THCOM), a leading Asian satellite operator, has earned the continued trust of TRIS Rating, which recently affirmed Thaicom's company rating and the ratings of its senior unsecured debentures at "A-" with a "stable" outlook for the fourth

Fitch Rates PTTGCs Debentures at #AA(tha) Stcoks—24 Jul 17

Fitch Ratings (Thailand) Limited has assigned a 'AA(tha)' National Long-Term Rating to PTT Global Chemical Public Company Limited's (PTTGC, AA(tha)/Stable) new senior unsecured debentures. The debentures have a four-year tenor and will total up to THB10

Fitch Rates CP ALLs Hybrids #BBB(tha)#, Unsecured Bonds #A-(tha)# Stcoks—04 Jul 17

Fitch Ratings (Thailand) Limited has assigned CP ALL Public Company Limited's (CP ALL, A(tha)/Stable) up to THB10 billion of new subordinated perpetual debentures a 'BBB(tha)' National Long-Term Rating. Simultaneously, Fitch has assigned CP ALL's up to

Ratings On Four Classes Related To International Business Machines Corp. Stcoks—06 Jun 17

NEW YORK (S&P Global Ratings) June 5, 2017--S&P Global Ratings today lowered its ratings on four certificates linked to International Business Machine Corp.debentures to 'A+ (sf)' from 'AA- (sf)' (see list). Our ratings on all four certificates

CH. Karnchang successfully issues debentures worth Baht 6 billion to institutional and Stcoks—29 May 17

CH. Karnchang successfully launched four lots of senior unsecured debentures worth a total of Baht 6 billion to institutional and high-net-worth investors. The debentures were jointly underwritten by three major banks – Bangkok Bank, Kasikorn Bank

Fitch Confirms ICBCTL #AAA(tha)# Senior Bond Rating After Upsize Stcoks—22 May 17

Fitch Ratings (Thailand) Limited has confirmed the National Long-Term Rating on ICBC (Thai) Leasing Company Limited's (ICBCTL; AAA(tha)/Stable/F1+(tha)) upcoming senior unsecured debentures at 'AAA(tha)' following a change in issue size. The size of the

APEX Soaring High! After shareholders gives the green light for the debentures in the amount of 2 Properties—09 May 17

Utilization of capital to maximize business expansion – Retail Shopping Complex – Hotel – Entertainment Park – Theatres. Exponential revenue growth within 3 years! Mr. Pongphan Sampawakoop, the Chief Executive Officer of Apex

True Move H successfully raised 13 billion Thai Baht from debenture issuance to support business Stcoks—04 May 17

The new debentures of "True Move H" 13 billion Thai Baht received overwhelming interest from investors showing confidence in the company as one of the leading mobile operator. According to Mr. William Harris, Group Chief Financial Officer of True

Fitch Rates TMB#s Basel III Tier 2 THB Notes at #A(tha)# Stcoks—02 May 17

Fitch Ratings (Thailand) has today assigned a rating of 'A(tha)' to TMB Bank Public Company Limited's (TMB; A+(tha)/Stable) upcoming Thai baht-denominated Basel III-compliant Tier 2 subordinated unsecured debentures. At issue, the notes will have a tenor

Permission to Issue Baht-denominated Bonds or Debentures by Foreign Entity in Thailand during 1 May General—24 Apr 17

Pursuant to the Ministry of Finance's Ministerial Notification re: Permission to Issue Baht-Denominated Bonds or Debentures in Thailand on 11th April 2006 and four amendments, the Ministry of Finance informs that the criteria to be considered comprise of

Fitch Assigns WHAs New Debentures #BBB+(tha) Rating Stcoks—21 Apr 17

Fitch Ratings (Thailand) Limited has assigned a 'BBB+(tha)' National Long-Term Rating to WHA Corporation Public Company Limited's (WHA, BBB+(tha)/Negative) new senior unsecured debentures of up to THB3 billion due in 2020. The debentures are rated at the

Fitch Affirms WHA at #BBB+(tha), Outlook Negative Stcoks—18 Apr 17

Fitch Ratings (Thailand) Limited has affirmed WHA Corporation Public Company Limited's (WHA) National Long-Term Rating and the National Long-Term Rating on its outstanding senior unsecured debentures at 'BBB+(tha)'. The Outlook remains Negative. Fitch

Fitch Rates ICBCTL#s Senior Debentures and Short-Term Programme Stcoks—28 Mar 17

Fitch Ratings (Thailand) Limited has assigned a National Long-Term Rating of 'AAA(tha)' to ICBC (Thai) Leasing Company Limited's (ICBCTL; AAA(tha)/Stable/F1+(tha)) upcoming senior unsecured debentures of up to THB5 billion. The debentures will be offered

Fitch Rates Siam City Cement#s Debentures at #A(tha)# Stcoks—21 Mar 17

Fitch Ratings (Thailand) Limited has assigned an 'A(tha)' National Long-Term Rating to Siam City Cement Public Company Limited's (SCCC, A(tha)/Stable) new senior unsecured debentures. The debentures, totalling up to THB13 billion, will be issued in

Photo Release: Bangkok Bank and Thitikorn PCL celebrate the successful issuance of debentures No. Stcoks—21 Mar 17

Bangkok Bank Director Piti Sithi-Amnuai (5th from right), Senior Executive Vice President Chansak Fuangfu (4th from right) and Bangkok Bank executives, together with Thitikorn Public Company Limited Chairman Dr. Chumpol Phornprapha (4th from left),

KBank sees Baht falling to THB36.50/USD, debentures from private sector plummeting by 25% on Stcoks—09 Feb 17

KASIKORNBANK believes that business in 2017 will be extremely challenging given the US political risk, which could send the Baht down to THB36.50/USD. Debentures from the private sector are expected to amount to THB600 billion, plunging by 20-25 percent

CI Financial Corp.#s Proposed Five-Year Senior Unsecured Notes Rated Stcoks—23 Nov 16

NEW YORK (S&P Global Ratings) Nov. 22, 2016--S&P Global Ratings today said it assigned its 'A-' issue-level rating on CI Financial Corp.'s proposed C$ 200 million senior unsecured debentures due in 2021. The long-term issuer credit rating on CI

Fitch: No Rating Impact on Bangkok Mass Transit Bond Issue Upsized Stcoks—02 Nov 16

Fitch Ratings (Thailand) Limited says there will be no rating impact on Bangkok Mass Transit System Public Company Limited (BTSC, A(tha)/Stable) or on the 'A(tha)' rating on its debentures after the company increased the size of its senior unsecured bond

Fitch Rates Bangkok Mass Transit Systems Debentures at #A(tha)# Stcoks—07 Oct 16

Fitch Ratings (Thailand) Limited has assigned an 'A(tha)' National Long-Term Rating to Bangkok Mass Transit System Public Company Limited's (BTSC, A(tha)/Stable) senior unsecured debentures. The debentures, totalling up to THB20bn, will be issued in

KBank to offer USD400 million in debentures to expand foreign institution customer Stcoks—30 Sep 16

KASIKORNBANK is offering USD-denominated senior unsubordinated and unsecured debentures, worth 400 million US Dollars. The tenor period is five years and six months, with 2.375-percent interest paid every six months. Due in 2022, the debentures are being

Fitch Downgrades CP ALL to #A(tha); Rates its Hybrid Debentures #BBB(tha) Stcoks—28 Sep 16

Fitch Ratings - Bangkok - 23 September 2016 : Fitch Ratings (Thailand) Limited has downgraded retailer CP ALL Public Company Limited's (CP ALL) National Long-Term Rating to 'A(tha)' from 'A+(tha)', the National Long-Term Rating of its secured bonds to

Fitch Rates Siam Cement#s New Debentures #A(tha)# Stcoks—14 Sep 16

Fitch Ratings (Thailand) Limited has assigned The Siam Cement Public Company Limited's (SCC) new THB25bn unsecured and unsubordinated debentures No. 2/2559 due 2020 a National Long-Term Rating of 'A(tha)'. The proceeds will be used to refinance maturing

Permission to Issue Baht-denominated Bonds or Debentures by Foreign Entities in Thailand during 1 Stcoks—06 Sep 16

Pursuant to the Ministry of Finance's Ministerial Notification re: Permission to Issue Baht-Denominated Bonds or Debentures in Thailand on 11th April 2006 and four amendments, the Ministry of Finance informs that the criteria to be considered comprise of