“SCC has raised funds through bond issuance and listed a total seven issues of its bonds totaling THB81 bln. in value on the BEX. Having its bonds listed facilitates the holders of SCC bonds as well as other interested investors to trade bonds easily by sending orders through any securities firms,” said Mr. Santi Kiranand Ph.D., BEX CEO.
The listing of these new SCC bonds will boost total outstanding value of bonds on the BEX to THB 679.65 bln. Of this amount, THB427.88 bln. (63% of all listed bonds) are government issues and the remaining THB251.77 bln. (37%) are from corporations.
Bonds listed on the BEX must have at least ‘BBB’ credit rating. Investing in bonds on the BEX is therefore another interesting alternatives for investors. For SCC09OA, it received an ‘A+’ credit rating from Fitch Ratings (Thailand) on August 25, 2005.
SCC issued SCC09OA, which are comprised of 10 mln. units with a par value of THB1,000 each, on October 3, 2005. It will come due in 2009 and bears a fixed interest rate of 5.25% p.a. Interest payments are scheduled on the 1st of January, April, July and October annually until maturity.
SCC09OA are unsubordinated and unsecured, and are bearer bonds. National Finance Pcl. will act as the debenture holders’ representative. Thailand Securities Depository Co. Ltd. will be the bond registrar.
