HoonSmart.com>> “J Mart” prepares to offer 2 tranches of debentures with maturity of 3 and 4 years, expecting interest of 4.00-4.55% “TRIS Rating” maintains the credit rating of JMART debentures at “BBB”. 3-year, expected interest rate of 4.00-4.10%, credit rating of “BBB+” debentures for sale in Oct. Bring money to pay off debt to expand business to support the leaping growth
Mr. Adisak Sukhumvitya, Chief Executive Officer of Jay Mart Company Limited (JMART), as a holding company with a Technology Investment Holding Company investment strategy, continues to drive business. In order to achieve J-Curve growth and achieve its goals, recently announced a registration statement with the Securities and Exchange Commission (SEC) for the issuance and offering of long-term debentures. Type specifying the name of the holder Unsubordinated, unsecured, and has a debenture holder representative by offering for sale to the general public (Public Offering – PO) totaling 2 sets
The first tranche of debentures will mature in 2025, with a maturity of 3 years, with a fixed interest rate of 4.00-4.25 percent per annum, payable every 3 months throughout the bond term. Par value 1,000 baht per unit Offering price 1,000 baht per unit
The 2nd tranche of debentures will mature in 2026 with a maturity of 4 years with a fixed interest rate of 4.30-4.55% per annum, payable every 3 months throughout the debenture life. Par value 1,000 baht per unit Offering price 1,000 baht per unit
JMART will sell the debentures to general investors (POs) and institutions. It is expected to be offered during October 25-27, 2022 through the debenture underwriters, namely (1) Kasikorn Bank Public Company Limited (2) the bank. CIMB Thai Public Company Limited (3) Asia Plus Securities Company Limited (4) Securities Company Kiatnakin Phatra Public Company Limited (5) Securities Company Nomura Pattanasin Public Company Limited (6) Maybank Securities (Thailand) Public Company Limited and (7) Securities Company Merchant Partners Public Company Limited
For debentures, JMART is rated “BBB” with a corporate credit rating of “BBB+” with a “stable” outlook by TRIS Rating Co., Ltd. on September 7, 2022.
“We expect this offering of JMART’s bonds to be well received by institutional and general investors who wish to invest in the company’s bonds. This will enhance the capital potential in preparation for business expansion. and rising interest rates The money will be used to repay the bonds that are due. and to be used as working capital for the operation of the company and affiliated companies Moving forward to the target of profit growth of not less than 50% for the next 3 years,” said Mr. Adisak.
Mr. Suthirak Traichiraporn Chief Executive Officer of JMT Network Services (JMT), a leader in non-performing debt management. debt collection service business Insurance Brokerage Business and insurance business Filing a registration statement with the Securities and Exchange Commission (SEC) for the issuance and offering of long-term debentures Type specifying the name of the holder Unsubordinated, unsecured, and has a debenture holder representative Maturity year 2025. Objectives to use as investments. in the purchase of non-performing debt to manage
JMT’s debentures have a maturity of 3 years with a fixed interest rate of 4.00-4.10 percent per annum, interest payments are made every 3 months, with a par value of 1,000 baht per unit, an offering price of 1,000 baht per unit, and are rated for their creditworthiness. at the rating of “BBB+” with the credit rating of the organization at the rating of “BBB+” with a “stable” outlook by TRIS Rating Co., Ltd. on September 7, 2022.
JMT will sell the bonds to institutional investors. and large investors Expected to be offered during October 4-6, 2022 through the debenture underwriters, namely (1) Kasikorn Bank Public Company Limited (2) CIMB Thai Bank Public Company Limited (3) Asian Securities Company Plus Company Limited (4) Securities Company Kiatnakin Phatra Public Company Limited (5) Securities Company Nomura Pattanasin Public Company Limited and (6) Merchant Partners Securities Public Company Limited
Mr. Suthirak Concluding with the overall picture of non-performing debt in the system is still at a high level and see that in the second half of the year, financial institutions will gradually open up auctions to sell more debt. This is an opportunity for JMT because today we have a barrel full of ammunition. Put the investment budget to buy debt this year as high as 10 billion baht, most of which are in the 3rd and 4th quarters, which are the peak periods of the business, while the portfolio for managing non-performing debt at the first half of the year accumulated at 245,320 million baht.
In addition, the progress of the joint venture company with KBANK is expected to be profitable to add to the army. Pushing the results to meet the target, profit growth of 45%