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HMC Polymers Company Limited, or HMC, revealed that the issuance and offering of the company's bonds has exceeded the set target. Delighted with the overwhelming response from investors even though this is the first time raising funds in the market. Meanwhile, the bond underwriters identified the supporting factors for this success. This comes from investors' confidence in operating results that are still strong. Amidst economic challenges and the COVID-19 outbreak situation, together with HMC being a leading company in the polypropylene business of PTT Global Chemical Public Company Limited or PTTGC. HMC as a leader in the polypropylene plastic pellet business (Polypropylene or PP) in ASEAN and the first and largest producer of PP plastic pellets in Thailand. Has issued and offered 4 series of named debentures, unsubordinated, unsecured and with debenture holder representatives, divided into 3-year debentures, interest rate 2.82% per year, 5-year debentures, interest rate 3.50% per year, debentures 7 year term, interest rate 3.88% per year and 10 year bond, interest rate 4.20% per year, for institutional investors and/or large investors. The sale was offered between 16 - 18 November.
million baht, appointed Bangkok Bank Public Company Limited, Kasikorn Bank Public Company Limited and Siam Commercial Bank Public Company Limited are the underwriters. The bonds are rated "A-" by Fitch Ratings ( Thailand) Co., Ltd. Mr. Siridej Khumwongdee, Chairman of HMC Polymers Company Limited, revealed that HMC's bonds offered for sale this time have received investment interest from both institutional investors and large investors, exceeding the company's target. up to 2 times or more than 10,000 million baht from mutual fund management companies, banks, insurance companies Life insurance companies and cooperatives WhatsApp Number List reflect investor confidence in their strong and stable business status. The money received from this bond issuance is intended to be used to repay loans from financial institutions and/or as working capital for business operations. For this bond offering, it is the first time for a company that has started to raise funds through the Thai bond market. This is considered a good opportunity for the Thai bond market to see new companies with strong credit ratings come out to raise funds and also provide opportunities for investors to have access to financial products of good quality and reliability. and take the opportunity to thank institutional and large investors who have confidence in HMC's potential and have supported this important first fundraising round. Summary.
information of HMC Polymers Company Limited HMC is Thailand's first PP plastic resin producer with a production base in the country. To sell to customers both domestically and abroad. Customers will take PP plastic pellets and process them into products for use in daily life. The company has held the largest market share in Thailand for more than 30 years and has major shareholders: PTTGC, which operates an integrated petrochemical business, and LyondellBasell. Leading global chemical manufacturer and supporter of manufacturing technology for HMC The company has production capacity divided into 2 parts as follows: 1) 1 Propane Dehydrogenation (PDH) plant to produce propylene, which is a starting material for pellet production. PP plastic as well, with a production capacity of 300,000 tons per year and 2) a total of 4 PP production lines, with a total production capacity of 1,060,000 tons per year, with 3 production lines already in operation, with a current produment Financial Market Group Siam Commercial Bank (SCB Financial Markets) estimates the baht to move in the range of 34.60-34.85 baht/dollar today. The baht value as of December 22, 2023. PreechaDec 22, 2023 investment
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发表于 2023-12-23 18:52:41