Business

Corporate bonds issuance in Thailand : Berli Jucker and Siam Cement top raisers

Thailand saw one of the largest corporate bond issuance in the third quarter this year when Berli Jucker pcl, completed the first issuance, raising US$1.62bil.

Published

4 years ago

February 27, 2017

Boris Sullivan

Thailand saw one of the largest corporate bond issuance in the third quarter this year when Berli Jucker pcl, a company involved in consumer staples, packaging and healthcare products, completed the first issuance involving several tranches on Aug 31, raising US$1.62bil.

This was followed by a further US$785.25mil in bonds completed at the beginning of this month.

The bond issuances were part of a US$6.02bil programme of bond sales, a rights issue and a private placement to refinance the company’s debt following the acquisition of Big C Supercenter pcl, which raised its debt to equity ratio to 4.98 times.

In October, shareholders approved the US$494mil rights issue.

Berli Jucker, the flagship retail business of the Sirivadhanabhakdi family, whose head is billionaire Charoen Sirivadhanabhakdi, acquired French supermarket operator Casino Guichard-Perrachon SA’s 58.6% stake in Big C earlier this year and bought out the other shareholders in May via a tender offer that valued the hypermarket chain at a total of US$5.86bil.

Source: Berli Jucker, Siam Cement hog limelight in Thailand – Business News | The Star Online

Business

Marijuana could generate up to Bt8 billion for Thailand’s pharmaceutical industry

Last year, Thailand removed cannabis and hemp leaves from its list of banned narcotics (seeds and buds remain banned).

Published

1 day ago

March 2, 2021

Headline Editor

Marijuana could generate up to Bt8 billion for Thailand’s pharmaceutical industry over the next five years, but farmers stand to make little from growing the herb, experts say.

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Business

THAI airways to sell training center building to raise more funding

THAI airways has been hit hard by limited travel due to the COVID-19 pandemic, which comes as they were entered bankruptcy protection and sit on the verge of liquidation.

Published

6 days ago

February 26, 2021

Headline Editor

THAI airways is selling its Laksi training center building, in the Bangkhen district of Bangkok, its Nok-Air shares, its Bangkok Aviation Fuel Services (BAFS) shares and Boeing 737- 400 engines, after the bankruptcy court gave the go-ahead to do so.

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Banking

Can the Subscription Economy Save Financial Services?

Going back to the pre-Covid “normal” is not an option for financial services. Fortunately, the rise of the subscription economy points towards frontiers of untapped growth for the sector.

Published

1 week ago

February 25, 2021

Insead Knowledge

As the world waits for mass vaccination to revive economic activity, general malaise has overtaken the financial services industry (FSI). And things will probably worsen before they get better: US banks are expected to suffer US$318 billion in net loan losses by the end of 2022, according to Deloitte.

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