HoonSmart.com >> “Charoen Pokphand Foods” will issue 5 debentures, aged 2 years – 12 years, offering to general investors. Institutions and or high net worth investors By January 64 Debenture Rating A +, paying interest from 2.99-3.80% per annum, take the payment for repayment due and use it as working capital. Support for business expansion in year 64 evaluation, continuous good performance
Paisan Jirakitcharoen, Chief Financial Officer of Charoen Pokphand Foods (CPF), revealed that the company plans to issue and offer debentures to settle debt due in 2021 by offering to general investors. Including institutional investors and / or high net worth investors By offering to general investors 4 models: 5-year debentures with interest rate 2.99% per year, 7-year bond, 3.15% per year, 10-year bond at 3.60% per year, and 12-year debenture at 3.80% per annum.
For the 2-year bond, it is a version that is sold to institutional investors. And or large investors The exact interest rate of the 2-year bond will be announced again. All debentures pay interest every 6 months and are expected to be offered to investors within January 2021. The debentures have been rated by TRIS Rating Company Limited on December 8. It reflects the company’s leadership in the agro, industrial and food businesses and its strong financial position.
For general investors interested, you can subscribe to a minimum of 100,000 baht and multiply 100,000 baht through Krung Thai Bank (KTB), Kasikorn Bank (KBANK), Siam Commercial Bank (SCB), Government Savings Bank (open for subscription only for large investors and at the head office. CIMB Thai Bank (CIMBT) TMB Bank (TMB) Securities company Kiatnakin Phatra Via Kiatnakin Phatra Bank (KKP)
“The company hopes that those who missed the last investment will have the opportunity to subscribe for this time. The proceeds received from this offering will be used to repay matured debt and used as working capital as well as to support future business expansion, ”said Mr. Paisan.
“CPF” is a comprehensive agricultural, industrial and food manufacturer. (Feed-Farm-Food) in 17 countries around the world The main business can be classified into 3 types: 1. Feed business, 2. Farm and meat processing business, and 3. Food business. Being the “kitchen of the world”, CPF has expanded its business to various countries. To promote modern animal husbandry Support quality meat production and processing Expand production of ready-to-eat foods to reflect changing consumer behavior. As well as add value to the business
Including continuous innovation in agriculture, industry and food In order to obtain a safe production system There are products that are able to satisfy customers’ satisfaction and constantly changing consumer behavior around the world. It also emphasizes the proper use of resources and is environmentally friendly in order to enhance the competitiveness at the forefront of the industry. And create appropriate returns to the shareholders with care in all stakeholders
In addition, “CPF” has a strong financial position. Operating results for 9 months of 2020, the company had sales revenue of 439,745 million baht, an increase of 12% from the same period of the previous year. This was due to the increase in hog prices in Asia due to pig shortages due to the ASF outbreak and net profit of 19,614 million baht, an increase of 36% from the same period of the previous year with a net profit of 14,445 million baht.
As for CPF’s performance in 2021, the company expects continued good performance from this year due to promising investments in pig businesses in China and Canada. And Vietnam, which has invested in the integrated chicken business for export, which will begin operations next year. Including investment in innovation to add value to products and improve production efficiency. This will result in the company having better competitiveness with lower cost. Therefore, we are confident that the performance will continue to be good and the financial position will be stronger.
In addition, during the COVID-19 situation, the company was able to manage its business in the midst of a crisis. Increase competitiveness and achieve important achievements while helping society. This is evident from the Heartfelt Food Delivery Program to Fight COVID-19. Including being able to prevent COVID-19 Among employees of the company As well As a result, the company’s production belt. Can walk without interruption Does not cause food shortages
At the same time, CPF is also working to restore and drive the country’s economy. By providing assistance to 6,000 small entrepreneurs or SMEs through the FTI Faster Payment program by reducing the term credit to no more than 30 days to help support liquidity small entrepreneurs. It also cooperates with the government sector to employ 8,000 new graduates to drive the Thai economy forward without interruption. Overcoming the COVID-19 Crisis Stable And to build a strong foundation for the economy
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