`Lotus` announces its readiness to sell 4 debentures for the first time in mid-October

`Lotus` announces its readiness to sell 4 debentures for the first time in mid-October
`Lotus` announces its readiness to sell 4 debentures for the first time in mid-October

“Lotus” announces the readiness to issue 4 sets of debentures, aged 1 year, 6 months to 7 years, expecting an interest rate of 3-4% and the final interest rate will be announced again. Offered for sale to major investors and institutions in the middle of Oct.

Mr. Sompong Rungnirattisai Chief Executive Officer of Lotus Thailand business revealed that after Ek-Chai Distribution System Co., Ltd., a leading large consumer goods retailer under the brand “Lotus” (Lotus’s) Submit a bond offering registration statement and draft prospectus to the Office of the Securities and Exchange Commission (SEC) requesting the issuance and offering of unsubordinated, unsecured, and debenture holders’ representatives. There are 4 models consisting of

Model aged 1 year 6 months Interest rate pending, 3 years Estimated preliminary interest rate range [3.00-3.25]% per annum, 5 years old Estimated initial interest rate range [3.30-3.55]% per annum and 7 years old Estimated initial interest rate range [3.75-4.00]% per annum, pay interest every 6 months, the exact interest rate will be announced again later

Until now, the company was informed by the sales manager that Investors have continuously inquired about the issuance and offering of such debentures. make sure The debentures will gain attention when it is offered for sale in mid-October.

Lotus’s bonds will be an alternative and new investment opportunity for investors. because it is the first time with the investment in omni-channel retail bonds with strong growth potential With the credit rating of TRIS Rating Co., Ltd. at “A+”, as well as the company rating of Ek-chai Distribution System Co., Ltd., which is at “A+” with an outlook. The rating is “Fixed” as of August 19, 2022, which reflects its leadership position in the omni-channel retail business with a wide range of channels and coverage. both offline and online and potential growth opportunities in the retail industry with strong growth prospects in the future

for the offering of debentures For high net worth investors and/or institutional investors, the Company has appointed 8 financial institutions as underwriters for debentures, namely Bangkok Bank Public Company Limited, Bank of Ayudhya Public Company Limited, Kasikorn Bank Public Company Limited. Siam Commercial Bank Public Company Limited, Krung Thai Bank Public Company Limited, TMB Bank Thanachart Public Company Limited, United Overseas Bank Public Company Limited and Securities Company. Kiatnakinphat Public Company Limited

As of June 30, 2022, Lotus’s has 2,597 retail outlets across Thailand. Comprising 224 hypermarkets, 202 supermarkets and 2,171 mini-supermarkets, the business in Thailand is supported by a strong supply chain, distribution system and network. efficient logistics network

In addition, the company has also accelerated the growth of sales through online channels. By leveraging a network of 2,597 stores across the country as a fulfillment center to deliver products quickly and efficiently throughout Thailand. It also collaborates with online marketplace businesses such as Grab, Shopee and Lazada to increase the point of sale of products for consumers. as well as the launch of new businesses, including coffee shops, restaurants and beverages and a vending machine which reflects the adaptation of “Lotus’s” in accordance with the lifestyle. and support the needs of today’s consumers

In addition, the company is also a leader in the rental space management business in shopping centers. There are 201 leased spaces in shopping centers (excluding shopping centers that are invested by Lotus Real Estate and Leasehold Property Fund or LPF, 23 stores), with a total permanent net leased area of ​​approximately 784,612 square meters. The Company holds freehold in the land and buildings on which 69 shopping centers are located, while the occupancy rate of the shopping center is approximately 89% and the Company holds 25% of the investment units in the mutual fund. LPF that has invested in 23 shopping centers across the country which has a total permanent net leased area of ​​approximately 339,000 square meters

The latest results for the first half of the year 2022 (ending June 30, 2022) the company has a total revenue of 91,327 million baht, an increase of 7% from the same period of 2021, which has a total revenue of 85,114 million baht, reflecting the signal. in the positive direction from the business recovery This is the result of being able to open the shopping center as usual.


The article is in Thai

Tags: Lotus announces readiness sell debentures time midOctober

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