With CGIF’s partial guarantee of 85 per cent, the five-year Bt2 billion (US$64 million) bond issuance by Siamgas and Petrochemicals PCL (SGP), has a coupon rate of 3.03 per cent per year. SGP, Thailand’s second largest liquid petroleum gas (LPG) distributor, aims to raise long-term funds from institutional investors at a fixed rate through the Thai bond market. The transaction is also SGP’s first A-rated bond issuance. UOB (Thai) was the structuring adviser and one of the joint lead underwriters for this transaction. Through its network and experienced financial advisers, UOB (Thai) has provided sound advice on our bond issuance to meet our investment needs and we trust that UOB (Thai) will continue to be a reliable banking partner to help us grow sustainably.”

Source: The Nation Bangkok May 10, 2018 05:37 UTC