AmataNews · 2017-10-05 08:59

Amata successfully issued its inaugural THB 5,000 million debentures with significant oversubscription to refinance debt and fund new investments.

Amata Corporation PCL successfully completed its inaugural THB 5,000 million debenture issuance, which was oversubscribed by approximately five times, with proceeds allocated for debt refinancing, new investments, and working capital.

This strategic financial move enhances Amata's liquidity, supports future business expansion, and secures a competitive cost of funds lower than traditional bank loans, while maintaining a healthy debt-to-equity ratio.

Fast Facts

·Issuer: Amata Corporation PCL
·Instrument: Debentures
·Amount: THB 5,000 million
·Oversubscription: ~5 times
·Maturity periods: 3, 5, 7 years
·Average coupon rate: 2.82%
·Lead arrangers: Bangkok Bank PCL, Krungthai Bank PCL
·Rating: "A" with Stable outlook by TRIS Rating
·Use of proceeds: Refinance THB 4,000 million debt, new investments, working capital
·Greenshoe option exercised: THB 1,000 million

ESG & Finance

Other

People Mentioned

Mr. Vattana Supornpaibul

Executive Director at Amata Corporation PCL

Mr. Prasert Deejongkit

Senior Vice President and Manager, Corporate Finance Department at Bangkok Bank PCL

Mr. Vikrom Kromadit

Director and Chief Executive Officer at Amata Corporation PCL

Mr. Anucha Sihanatkathakul

Director and Chairman of the Audit Committee at Amata Corporation PCL

Mr. Kritchakorn Nontanakorn

First Vice President and Team Leader, Head of Debt Capital Market at Krungthai Bank PLC

Source

Amata successfully issued its inaugural THB 5,000 million debentures with significant oversubscription to refinance debt and fund new investments.