MTC is preparing to issue and offer a new series of debentures, comprising 3 tranches, with durations of 2 years 8 days at an interest rate of 4.30% per annum, 3 years 7 days at an interest rate of 4.80% per annum, and 4 years 5 days at an interest rate of 4.95% per annum. It is expected to offer for sale between March 5th and 7th of this year through 14 leading financial institutions

07 February 2024

Muangthai Capital Public Company Limited ("MTC") is preparing to offer a new series of debentures, consisting of 3 tranches, to general investors (Public Offering). These tranches include debentures with a term of 2 years 8 days at a fixed interest rate of 4.30% per annum, debentures with a term of 3 years 7 days at a fixed interest rate of 4.80% per annum and debentures with a term of 4 years 5 days at a fixed interest rate of 4.95% per annum. It is expected to offer for sale between March 5^th and 7^th of this year. The credit rating agencies rate the company and debentures as "BBB+" with a stable outlook. The proceeds will be used to repay debts from issuing debentures and/or to support portfolio growth in line with the 20% target.

Mr. Parithad Petampai, Deputy Managing Director, revealed that the company has submitted an application to disclose information on the offer of debt securities and draft prospectuses to the Securities and Exchange Commission (SEC) for issuance and public offering of specified debentures to general investors. The purpose of this debenture issuance is for the company to use the proceeds to repay debts from the issuance of debentures and/or as working capital to expand its continuously growing business. The debentures offered in this issuance consist of:

Debenture Series 1: Maturity of 2 years and 8 days, fixed interest rate of 4.30% per annum.
Debenture Series 2: Maturity of 3 years and 7 days, fixed interest rate of 4.80% per annum.
Debenture Series 3: Maturity of 4 years and 5 days, fixed interest rate of 4.95% per annum.

All three series of debentures pay interest every 3 months throughout the term, and it is anticipated that the offering will take place between March 5^th to 7^th, 2024. The company's credit rating and the debentures are at an Investment Grade level of "BBB+" with a stable outlook as of January 29th, 2024 by TRIS Rating. The objective of this debenture issuance is for the company to use the proceeds to repay debts from the issuance of debentures and/or as working capital to expand its continuously growing business. The company aims for a 20% loan growth this year and is confident that it can achieve it according to the laid-out plan.

Throughout our company's over 30 years of operation, we have been dedicated to elevating the standard of microfinance services to become a World-Class Thai Microfinance. We aim to contribute to the creation of widespread and equitable financial opportunities, fostering sustainable living, reducing inequalities and cultivating happier societies while also supporting economic growth for stability and sustainability in line with the United Nations' Sustainable Development Goals (SDGs) consistently. Additionally, our company focuses on conducting business with integrity, considering the impact on all stakeholders, leading to the recognition of our ESG MSCI Index assessment results in 2023 at AA level in the Consumer Finance sector and being consistently ranked in the SET ESG Ratings list at A level for the 5^th consecutive year in 2023, based on assessments of economic, social, and environmental dimensions. Furthermore, we have received excellent corporate governance evaluations from the Thai Institute of Directors (IOD) for the 6th consecutive year in 2023, earning a 5-star rating. In 2023, we also received financial support from DEG and SMBC (with all currency exchange risk hedged successfully), enabling us to continue our sustainable business development as planned." Mr. Parithad, stated

Mr. Parithad added that for the performance results in the third quarter of 2023, the company had a total outstanding loan portfolio of 138.742 billion baht, up from 132.851 billion baht in the second quarter. The revenue was 6.299 billion baht and the net profit was 1.285 billion baht, increasing from 6.041 billion baht in revenue and 1.200 billion baht in net profit in the second quarter. For the cumulative nine-month performance of 2023, the company recorded revenue of 17.971 billion baht and a net profit of 3.555 billion baht.

Regarding the branch expansion in the third quarter of 2023, the company opened an additional 105 branches, bringing the total number of branches to 7,365, covering all regions of the country. Additionally, in the third quarter, the company maintained a non-performing loan (NPL) ratio of 3.18%, showing improvement from 3.36% in the second quarter, with expectations of further improvement in each subsequent quarter.

The company is currently in the process of submitting the information memorandum and draft prospectus, which have not yet become effective. General investors interested in subscribing to the debenture stocks of Muangthai Capital Public Company Limited (MTC) can reserve with a minimum subscription of 100,000 baht and multiples of 100,000 baht. Further details can be found at www.sec.or.th or by contacting the financial institutions responsible for distributing the debenture stocks, as follows:

Bangkok Bank Public Company Limited (excluding micro-branches) at 1333 or via the Bualuang mBanking app for individual investors.
Kasikornbank Public Company Limited (except for foreign individuals) at 02-888-8888, press 819, or online at https://www.kasikornbank.com/kmyinvest, and also at Kasikorn Securities Company Limited as the sales agent of Kasikornbank Public Company Limited.
CIMB Thai Bank Public Company Limited for individual investors via the CIMB Thai Digital Banking mobile application at 02-626-7777
Asia Plus Securities Public Company Limited at 02-680-4004
Bluebell Securities Company Limited at 02-249-2999
CGS-CIMB Securities (Thailand) Company Limited at 02-846-8675
Daol (Thailand) Public Company Limited at 02-351-1800
Globlex Securities Company Limited at 02-687-7543
Krungsri Capital Securities Public Company Limited (excluding foreign nationals) at 02-638-5500
Krungthai XSpring Securities Company Limited at 02-695-5000
Maybank Securities (Thailand) Public Company Limited at 02-658-5050
Pi Securities Public Company Limited at 02-205-7000
Thanachart Securities Public Company Limited at 02-779-9000
Yuanta Securities (Thailand) Company Limited at 02-009-8351-59

Note: The company is in the process of submitting the information memorandum and draft prospectus to the SEC, which have not yet become effective. The allocation is subject to the discretion of the sales manager. Distribution conditions are as specified in the draft prospectus.

Warning: Please understand the nature of the product, terms, returns and risks before making an investment decision. Investments involve risks and investors should study the information in the draft prospectus before making investment decisions. Investors can review the details in the information memorandum and draft prospectus as provided below.

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