ข่าวประชาสัมพันธ์เศรษฐกิจ/การเงิน

CPF debentures to be offered in early June with tenor of 4 – 15 years, issue rating “A+” , and coupon rate of 2.80% – 4.00% p.a.

Charoen Pokphand Foods Public Company Limited or “CPF” is preparing to issue and offer debentures to retail investors and institutional investors and/or high net worth investors. The debentures have been assigned by TRIS Rating a rating of “A+”, reflecting CPF’s leading position as an agro-industrial and food business operator as well as its financial flexibility from strategic investing. The debentures will be offered to retail investors through KASIKORNBANK, Krungthai Bank, Siam Commercial Bank, and CIMB Thai Bank and offered to institutional investors and/or high net worth investors through KASIKORNBANK, Krungthai Bank, Siam Commercial Bank, and Government Savings Bank. The subscription period is expected to be in the beginning of June 2020.

Mr. Paisan Chirakitcharern, Chief Financial Officer of Charoen Pokphand Foods Public Company Limited or “CPF” which operates an integrated agro-industrial and food business under the vision to become the “Kitchen of the World”, said that the Company is in the process of submitting the filing to the Office of the Securities and Exchange Commission (SEC) to offer the debentures to retail investors and institutional investors and/or high net worth investors as follows: the 4-year tenor with a coupon rate of about 2.80% – 3.00%  p.a.; the 7-year tenor with a coupon rate of about 3.30% – 3.40% p.a.; the 12-year tenor with a coupon rate of about 3.65% – 3.75% p.a.; and the 15-year tenor with a coupon rate of about 3.80% – 4.00% p.a. The debentures offer semi-annually coupon payment. The 4-year and 7-year tenors will be offered to retail investors. The final coupon rate of each tenor will be determined and announced at a later stage. In this regard, these debentures have been assigned an “A+” rating from TRIS Rating Co., Ltd. on 31 March 2020, reflecting the Company’s position as Thailand’s leading agro-industrial and food business operator with the production bases in several countries and a variety of products and markets. The  credit rating also reflects the Company’s financial flexibility from strategic investing. 

For
the objectives of issuing and offering these debentures, the Company will use
the proceeds to support its general
businesses and/or expand CPF Group’s businesses and/or investments and/or refinance its existing debentures and bills of exchange maturing this year. The debentures are
expected to be offered in early June 2020.

“CPF” is
one of the region’s leading integrated
agro-industrial and food conglomerates, including
livestock and aquaculture such as swine, broiler, layer, duck, shrimp, and fish. The businesses are categorized into 3 categories, animal feed, farm and processing , and food businesses. The high-quality products are produced in an environmentally and socially responsible manner then distributed through various channels such as CP Fresh Mart,
modern trade and so on. Apart from its business in Thailand, the Company also operates in
16 other countries, namely China, Vietnam, UK, India, USA,
Cambodia, Russia, Turkey, the Philippines, Malaysia, Laos, Belgium, Sri Lanka,
Poland, Brazil, and Canada. These countries which CPF
invests in all have the potential for future growth.

In
addition, CPF has been a member of the Dow Jones Sustainability Indices (DJSI) in a category of the Emerging Markets
Index for 5 consecutive years, scored an “Excellent” level of corporate governance (CG) for 4 consecutive years, and been listed on the FTSE4Good
Emerging Index for 3 consecutive years. All 3 achievements
reflect the trust and recognition of capabilities to conduct business according
to environmental, social and governance (ESG)
criteria under good corporate governance for
sustainable growth. 

According
to TRIS Rating’s assessment of the possible impact of the
outbreak of the coronavirus or “COVID-19” and the global economic slowdown, the  impact to the Company’s operating performance is likely to be moderate
compared with other industries. It is forecasted that revenue from frozen packaged food will likely be increased
and help partly compensate for a drop in sales volume of food service. TRIS Rating also expects that the Company will benefit from
the increasing swine price in Vietnam and the region
together with low feed costs. The rising demand of chicken
for export, particularly to China, will become a key driver for its performance. Moreover, the Company will benefit from its recent acquisition of HyLife, a high-quality pork producer in
Canada. All these make the Company certain that the CPF debentures will
definitely receive positive feedback from investors.

Retail
investors interested in subscribing for the debentures of Charoen
Pokphand Foods Public Company Limited or CPF can subscribe at
minimum amount of 100,000 baht and
multiples of 100,000 baht. More
details are available at www.sec.or.th or contact the following financial institutions.

For retail investors

Krung Thai Bank
Public Company Limited Tel. 02-111-1111

KASIKORNBANK Public
Company Limited Tel. 02-888-8888 ext. 819

The Siam Commercial Bank Public Company
Limited Tel. 02-777-6784

CIMB Thai Bank
Public Company Limited Tel. 02-626-7000

For high net worth investors

Krung Thai Bank
Public Company Limited Tel. 02-111-1111

KASIKORNBANK Public
Company Limited Tel. 02-888-8888 ext. 819

The Siam Commercial Bank Public Company
Limited Tel. 02-777-6784

Government Savings Bank Tel. 02-299-9245