SCG bond offers 5.35%

By The Nation

Siam Cement Group (SCG) will offer 5.35 per cent per annum for its new debentures worth Bt20 billion, which are open for subscription for existing bondholders during October 6-10 and for other individual investors during October 16-29.

"Siam Cement is one of Thailand's first private companies who raise capitals from domestic investors through debentures," said Roongrote Rangsiyopash, vice President and CFO of SCG. Since the first issue in 1999, the company has issued 25 series of debentures totaling Bt233.5 billion, of which Bt138.5 billion has already been redeemed, and has paid interest worth more than Bt47 billion. Currently, there are about 6,700 bondholders.

The underwriters of this new debentures are Siam Commercial Bank, Kasikorn Bank, Bangkok Bank, Bank of Ayudhya and Krung Thai Bank.

The new 4-year debentures will be redeeemed in 2012. The coupon will be payable quarterly. Half of it would be offered to holders of SCC08NA series, which is due for redemption in November.

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SCG bond offers 5.35%

Siam Cement Group (SCG) will offer 5.35 per cent per annum for its new debentures worth Bt20 billion, which are open for subscription for existing bondholders during October 6-10 and for other individual investors during October 16-29.

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