Post by account_disabled on Dec 28, 2023 10:08:07 GMT
TFG is delighted! Bonds valued at 2,000 million baht sold out due to the response from institutional investors. Reinforce business confidence Ready to invade foreign and domestic markets as planned, boosting revenue in 2020 to grow 15%, along with launching a business expansion plan for the Year of the Golden Rat. The investment budget is set at 2,000-2,500 million baht to be used for farm expansion. animal feed factory and a pig processing factory It is expected that production capacity will be increased by another 10%. Mr. Petch Nanthawisai, Vice President of Farming and Quality Development, Thai Foods Group Public Company Limited ("TFG"), revealed that the company's bonds, with a total value of 2,000 million baht, with a maturity of 5 years, opened for sale between the 6th and 8th. This past January 2020, with UOB Bank Public Company Limited acting as the distribution manager. Received an excellent response from institutional investors.
It reflects the confidence of institutional investors in the business fundamentals and structure of the Company's bonds. very well The company plans to use the proceeds for normal business operations for its subsidiaries. to support strong and stable growth in the future “Operational plan for 2020, the company has set an investment budget of 2,000-2,500 million baht, used for farm expansion. animal feed factory and a pig WhatsApp Number List processing factory It is expected to increase production capacity by another 10% from 2019, which produced 350,000 tons of chicken meat per year and 100,000 tons of pork per year." Vice President of Farm and Quality Development TFG also said that the company aims for this year's revenue to grow 15% compared to last year. The growth will come from both domestic and international sales. which has higher demand Including the selling price of chicken meat and pigs that are stable at a good level It also received support from chicken meat exports to China. The bonds are guaranteed by the Credit Guarantee and Investment Facility or CGIF, a trust under the management of the Asian Development Bank.
such bonds are rated The bond's credit rating is AAA, with a term of 5 years and an interest rate of 2.48 percent per annum, which will help adjust the company's financial costs to be more competitive. Incidentally, the Credit Guarantee and Investment Facility or CGIF was established in cooperation between ASEAN+3 member countries and the Asian Development Bank (ADB) with the objective of promoting the development and strengthening of the corporate bond market. private sector in the ASEAN+3 region. CGIF's primary function is to guarantee bonds issued mainly in local currencies by reliable issuers established in countries in the ASEAN+3 region.
It reflects the confidence of institutional investors in the business fundamentals and structure of the Company's bonds. very well The company plans to use the proceeds for normal business operations for its subsidiaries. to support strong and stable growth in the future “Operational plan for 2020, the company has set an investment budget of 2,000-2,500 million baht, used for farm expansion. animal feed factory and a pig WhatsApp Number List processing factory It is expected to increase production capacity by another 10% from 2019, which produced 350,000 tons of chicken meat per year and 100,000 tons of pork per year." Vice President of Farm and Quality Development TFG also said that the company aims for this year's revenue to grow 15% compared to last year. The growth will come from both domestic and international sales. which has higher demand Including the selling price of chicken meat and pigs that are stable at a good level It also received support from chicken meat exports to China. The bonds are guaranteed by the Credit Guarantee and Investment Facility or CGIF, a trust under the management of the Asian Development Bank.
such bonds are rated The bond's credit rating is AAA, with a term of 5 years and an interest rate of 2.48 percent per annum, which will help adjust the company's financial costs to be more competitive. Incidentally, the Credit Guarantee and Investment Facility or CGIF was established in cooperation between ASEAN+3 member countries and the Asian Development Bank (ADB) with the objective of promoting the development and strengthening of the corporate bond market. private sector in the ASEAN+3 region. CGIF's primary function is to guarantee bonds issued mainly in local currencies by reliable issuers established in countries in the ASEAN+3 region.