Our services include underwriting issues, arranging introductions and making recommendations with regard to instruments and placements. Our strong customer base of around ten million account holders means there is always a strong demand for our issues, with most of them sold out in the first day.

 

Recently we placed a seven billion Baht issue with individual investors from all over Thailand using our strong client relationship and extensive network of over 850 branches.

There are a number of ways of structuring corporate bond issues. Some examples include: straight, floating rate notes (FRN), amortizing and convertible. The issuance can be made either through public offerings (P/O) or private placements (P/P).

 

For public offerings (P/O) the issuer must meet SEC criteria and have the SEC's approval before making the offering.

 

The issuing process for private placements is more straightforward.  P/P issues can be offered to up to 35 investors or to the 17 types of institutional investors as specified by the SEC. 

 

Both types of offerings require a credit rating unless an exemption has been granted for issues which are raising less than 100 million Baht and which are limited to fewer than 10 investors.