MTC Delighted! Successfully Completes Sale of 3 New Bond Series to Support Plan for High-Quality, World-Class Funding Sources, Advancing Fair Loan Access Opportunities

Muangthai Capital Public Company Limited (MTC) is delighted to announce the successful closure of three tranches of debentures, with maturities ranging from 2 to 4 years and interest rates between 4.30% and 4.95% per annum, totaling 7,120 million baht. This achievement reinforces investor confidence. Executive Director Parithad Petampai is ready to proceed with the business expansion plan, aiming to become a World Class Thai Microfinance institution to provide inclusive and fair financial opportunities, reduce inequality, and create a happy Thai society.

Mr. Parithad Petampai, Deputy Managing Director of Muangthai Capital Public Company Limited (MTC), revealed that the company recently issued three new tranches of debentures from May 14 to 16, 2024. The tranches include: 1. The first tranche with a maturity of 2 years and 22 days, offering a fixed interest rate of 4.30% per annum. 2. The second tranche with a maturity of 3 years and 21 days, offering a fixed interest rate of 4.80% per annum. 3. The third tranche with a maturity of 4 years and 27 days, offering a fixed interest rate of 4.95% per annum. The initial offering of 5,000 million baht was very well received by investors, leading to a full subscription. Consequently, the company decided to exercise the greenshoe option, resulting in a total fundraise of 7,120 million baht from the debenture issuance.

The purpose of this debenture issuance is to use the proceeds for debt repayment from previous debenture issuances and to provide working capital for the company's continuous business expansion.

In the first quarter of 2024, MTC reported total revenue of 6,631 million baht, a 17.8% increase. The net profit was 1,389 million baht, a 29.8% increase. The loan portfolio grew by 17.4% year-on-year, reaching 147,587 million baht, while the non-performing loan (NPL) ratio stood at 3.03%.

The Deputy Managing Director of MTC further stated that he is confident the operational trends in 2024 will align with the planned strategies. The company aims for a 15-20% loan portfolio growth compared to the previous year, while keeping the non-performing loan (NPL) ratio below 3.2%. He is convinced that these targets can be achieved as planned.

Over the company's more than 30 years of operation, it has been dedicated to elevating its credit services to become a high-quality capital source in line with global standards, aspiring to be a World Class Thai Microfinance institution. This is part of the effort to create comprehensive financial opportunities within fair and reasonable interest rates that do not impose excessive financial burdens on households, following the principles of responsible lending. The goal is to enhance living standards, reduce inequality, foster happiness in society, and support economic growth for stability and sustainability, in line with the United Nations' Sustainable Development Goals (SDGs), continuously and consistently.

Furthermore, the company is committed to conducting its business with integrity, considering the impact on all stakeholders, and has received recognition for its ESG (Environmental, Social, and Governance) performance. In 2023, it achieved an AA rating in the MSCI Index for the consumer finance sector and has consistently been ranked in the SET ESG Ratings list with an A rating for five consecutive years. These assessments are based on economic, social, and environmental dimensions.

Moreover, the company has also received excellent governance evaluations from the Thai Institute of Directors (IOD) for the year 2023, maintaining an Excellent CG Scoring or 5-star rating for six consecutive years.