MTC Prepares to Issue and Offer New Series of Bonds, 3 Tranches, Interest Rates Ranging from 4.30% to 4.95% per Annum, Expected to be Offered from May 14-16 through 14 Leading Financial Institutions

Muangthai Capital Public Company Limited (MTC) is preparing to offer a new series of bonds consisting of 3 tranches to the general public. The offerings include Tranche 1 with a maturity of 2 years and 22 days at a fixed interest rate of 4.30% per annum, Tranche 2 with a maturity of 3 years and 21 days at a fixed interest rate of 4.80% per annum, and Tranche 3 with a maturity of 4 years and 27 days at a fixed interest rate of 4.95% per annum. The offerings are expected to be available from May 14-16, 2024. The company has a credit rating of "BBB+" with a stable credit trend according to Tris Rating.

Mr. Parithad Petampai, Deputy Managing Director, revealed that the company has submitted a filing of the debt securities offering information and a draft invitation letter to the Securities and Exchange Commission (SEC) to issue and offer specified name debentures, non-convertible, unsecured, and with debt holders' representatives, for public offering. The objective of this debt issuance is for the company to use the proceeds to repay debts from previous debt issuances and/or for working capital to expand its continuously growing business. The debt securities offered in this round include:

Tranche 1 with a maturity of 2 years and 22 days at a fixed interest rate of 4.30% per annum.
Tranche 2 with a maturity of 3 years and 21 days at a fixed interest rate of 4.80% per annum.
Tranche 3 with a maturity of 4 years and 27 days at a fixed interest rate of 4.95% per annum.

All three tranches will pay interest every 3 months throughout the maturity period, and they are expected to be offered for sale between May 14-16, 2024. The company's credit rating and the debt securities are at Investment Grade level "BBB+" with a stable credit trend as of April 17, 2024, according to Trust Rating. The objective of this debt issuance is for the company to use the proceeds to repay debts from previous debt issuances and/or for working capital to expand its continuously growing business. The company aims for a 15-20% loan growth this year, while keeping NPLs under 3.2%, and is confident in achieving these targets as planned.

"Throughout our company's 30-year journey, we have been dedicated to elevating our credit services to be a quality source of capital on a global scale (World Class Thai Microfinance). This is part of our commitment to fostering widespread and equitable financial opportunities, enhancing living standards, reducing inequalities, creating happier communities, and supporting sustainable economic growth, in line with the United Nations' Sustainable Development Goals (SDGs) consistently. Additionally, our business operations prioritize ethical conduct, considering impacts on all stakeholders, resulting in recognition through the ESG MSCI Index assessment in 2023 with an AA rating in the Consumer Finance sector and consistent inclusion in the SET ESG Ratings list with an A rating for the 5th consecutive year. Furthermore, we have received Excellent CG Scoring, equivalent to 5 stars, in the Thai Institute of Directors' annual Corporate Governance assessment for 2023, marking the 6th consecutive year of such recognition." Mr. Parithad stated.

Mr. Parithad Petampai added that for the performance in the fourth quarter of 2023, the company's outstanding loans totaled 143,318 million baht, an increase from 138,742 million baht in the third quarter. Revenue stood at 6,555 million baht, with a net profit of 1,351 million baht, up from 6,299 million baht in revenue and 1,285 million baht in net profit in the third quarter. Overall, for the fiscal year 2023, the company achieved total revenue of 24,526 million baht and a net profit of 4,906 million baht. Regarding the branch expansion in the fourth quarter of 2023, the company opened 172 new branches, bringing the total to 7,537 branches nationwide, covering all regions of the country. Furthermore, in the fourth quarter, the company improved its non-performing loans (NPL) ratio to 3.11%, down from 3.18% in the third quarter, indicating better management of credit quality.

In the meantime, the company is in the process of filing the information statement and draft invitation letter, which are not yet in effect. For general investors interested in reserving the bonds of Muangthai Capital Public Company Limited (MTC), they can do so with a minimum reservation of 100,000 baht and subsequent multiples of 100,000 baht. More details can be found at www.sec.or.th or by contacting the financial institutions that act as the bond underwriters, as follows:

Bangkok Bank Public Company Limited (excluding Micro Branches) at 1333 or reserve via the Bualuang mBanking application for individual retail investors.
Kasikornbank Public Company Limited (online reservation for retail investors through https://www.kasikornbank.com/kmyinvest, except for foreign individuals and entities. Reservation can also be made via the main office and branches) at 02-888-8888 press 869, including Kasikorn Securities Public Company Limited as the sales unit of Kasikornbank Public Company Limited.
CIMB Thai Bank Public Company Limited (individual retail investors can reserve online via the CIMB Thai Digital Banking Mobile Application) at 02-626-7777.
Asia Plus Securities Public Company Limited at 02-680-4004.
Maybank Kim Eng Securities (Thailand) Public Company Limited at 02-658-5050.
Krungsri Securities Public Company Limited at 02-695-5000.
Daol Securities (Thailand) Public Company Limited at 02-351-1800.
CGS-CIMB Securities International (Thailand) Public Company Limited at 02-846-8675.
Bluebell Securities Limited at 02-249-2999.
Krungsri Asset Management Company Limited at 02-638-5500.
Phatra Securities Public Company Limited at 02-205-7000.
Yuanta Securities (Thailand) Company Limited at 02-009-8351-59.
Globlex Securities Company Limited at 02-687-7543.
Thanachart Securities Public Company Limited at 02-779-9000.

Note:
The company is in the process of filing the information statement and draft invitation letter to the SEC, which are not yet in effect. The allocation depends on the discretion of the bond sales manager. The terms of the offering are as specified in the draft invitation letter.

Warning: Please understand the nature of the product, terms, returns, and risks before making investment decisions. Investments carry risks, and investors should review the information in the draft invitation letter before making investment decisions. Investors can find detailed information in the information statement and draft invitation letter as outlined below.

Prospectus

Filling

Read more details by clicking >> https://www.muangthaicap.com/announcement/mtc-bond5-2567/