ICBC Thai Leas­ing is­sues its in­au­gu­ral deben­tures of THB 5,600 Mil

The Pak Banker - - Front Page -

BANGKOK

ICBC Thai Leas­ing suc­cess­fully is­sued 2Y and 3Y Guar­an­teed Deben­tures for the first time with to­tal amount of THB 5,600 Mil.

The Deben­tures were of­fered to In­sti­tu­tional and High Net-Worth in­vestors who showed over­whelm­ing in­ter­ests, re­flect­ing in­vestors' con­fi­dence in the Com­pany's busi­ness and po­ten­tial growth in the fu­ture.

This suc­cess leads the Com­pany to con­sider is­su­ing un­se­cured deben­tures in the next of­fer­ings.

Dr. Ye Hu, Chair­man of In­dus­trial and Com­mer­cial Bank of China (Thai) PCL stated that "ICBC (Thai) po­si­tions ICBC (Thai) Leas­ing as one of its fi­nan­cial arms and as a cru­cial key for it to pen­e­trate into the con­sumer fi­nance busi­ness in Thai­land.

Wholly owned by ICBC (Thai), ICBC (Thai) Leas­ing is treated like a depart­ment of the bank and thus gets sup­ports in all ar­eas in­clud­ing fi­nanc­ing, man­age­ment, risk man­age­ment, and ex­pe­ri­enced hu­man re­sources from ICBC Group in China. Such sup­ports are meant to help ICBC (Thai) Leas­ing be­come one of the lead­ing leas­ing busi­nesses in Thai­land."

To sup­port fur­ther busi­ness ex­pan­sion, ICBC (Thai) Leas­ing de­cided to tap the bond mar­ket for the first time and the mis­sion is com­pleted with great suc­cess.

The Com­pany was able to is­sue Deben­tures with to­tal amount of THB 5,600 Mil., con­sist­ing of THB 3,000 Mil. 2Y-tranche with coupon rate 3.79 per cent and THB 2,600 Mil. 3Y-tranche with coupon rate 3.98 per cent. Bangkok Bank PCL and Kasikorn Bank PCL were Joint- Lead Ar­rangers of the trans­ac­tion.

The is­sue size, al­though orig­i­nally tar­geted the is­sue size of THB 4,000 Mil., was up­sized by THB 1,600 Mil. to THB 5,600 Mil. to ac­com­mo­date mas­sive de­mand from In­sti­tu­tional and High Net­Worth In­vestors.

This demon­strated in­vestors' con­fi­dence in both the Com­pany and its guar­an­tor, ICBC (Thai).

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