Showing the key advantages of STA debentures before the first subscription date on January 31, 2025. The A- credit rating reflects the company's robust business operations. Public offering, four tranches with maturities ranging from 3 to 10 years. The interest rates between 3.40 - 4.00% per annum.
Final call before STA debenture subscriptions: January 31 and February 3-4, 2025. As the subscription period for STA debentures approaches, the financial institutions overseeing the offering are reporting a positive market response. Key highlights of the STA debentures include:
- Diverse maturity options: A Variety of tenors to cater to different investment preferences
- Attractive returns: Annual coupon rates ranging from 3.40% and 4.00%
- Strong credit rating: Rated A- with a stable outlook
- Manageable risk level: Classified at level 3 on a scale of 1 to 8 (with 8 representing the highest risk)
- Industry growth potential: Benefiting from positive outlook for the rubber industry and rising rubber prices
Sri Trang Agro-Industry Public Company Limited (STA), one of the world's largest fully integrated natural rubber businesses and Thailand's leading rubber glove manufacturer, is offering debentures to the general public across four tranches:
- Tranches 1: 3-year tenor, 3.40% per annum interest rate
- Tranches 2: 5-year tenor, 3.70% per annum interest rate
- Tranches 3: 8-year tenor, 3.85% per annum interest rate
- Tranches 4: 10-year tenor, 4.00% per annum interest rate
Interest will be paid semi-annually. The subscription period is set for January 31 and February 3-4, 2025, and the debentures can be subscribed through two leading financial institutions: Krungthai Bank Public Company Limited and KASIKORNBANK Public Company Limited. The STA debentures have been assigned a credit rating of “A-” with a “Stable” outlook by TRIS Rating, reflecting their investment-grade status.
Leading financial institutions, acting as joint lead arrangers for the STA debenture issuance, have indicated a highly positive response from investors following the announcement of the offering through various channels. The STA debentures have garnered strong interest as they effectively cater to investor needs, offering a diverse range of maturities that enable strategic investment planning. Key factors driving investor confidence include competitive returns, an investment-grade credit rating of “A-”, and STA’s growth prospects, particularly with the rising price of natural rubber. Given these factors, the arrangers are confident that the upcoming STA debenture will attract strong investor demand.
Individual investors interested in STA debentures can subscribe with a minimum purchase of 100,000 Baht, with increments of 100,000 Baht thereafter. For more information, the investors can visit the Securities and Exchange Commission's official website at www.sec.or.th, or contact the joint lead arrangers as follows:
- Krungthai Bank Public Company Limited: Tel. 0-2111-1111 or subscribe via the Krungthai NEXT app for individual investors.
- KASIKORNBANK Public Company Limited: Tel. 02-888-8888, press 869, or subscribe via the K-My Invest website (www.kasikornbank.com/kmyinvest ) for individual investors who are Thai nationals. (This also includes Kasikorn Securities as the sales agent for KASIKORNBANK.)