SME D Bank is pleased with the first round of bonds worth 3,000 million baht. Sold out quickly. The purchase limit is 4 times higher than the amount offered for sale. The second round will open for sale at 5,000 million baht on June 17th. Because of high stability A. Treasury guarantees both principal and interest Believe that raising funds for low-interest loans for Thai SMEs can meet the target of 60,000 million baht
Dr. Phusalo Hanchan, Permanent Secretary, Ministry of Industry As Chairman of the Board Small and Medium Enterprise Development Bank of Thailand (TWA) or SME D Bank revealed that the Bank has issued the 1st and 2nd Small and Medium Enterprise Development Bank bonds of Thailand in 2019, with a credit limit of 3,000 million baht. Age 3 years 8 months. Auction held on May 27, 2019, which appeared to have received high interest from investors. Sold out quickly With a total amount of more than 4 million or more than 12,000 million baht in the offering amount and the lowest bid yield of 2.010%, which is lower than the fixed rate of 2.125%. Wor. It is the confidence and desire of investors. Because of the very high stability With the Ministry of Finance guaranteeing principal and interest, and the bank has a strong position from the credit rating of the company. Fitch Ratings is AAA level, considered the highest level as the Thai government credit rating.
The bank is preparing to issue the second tranche of bonds with a credit limit of not more than 5,000 million baht, with a 5-year, 8-month period, believed to receive good feedback from investors. The auction will be held on June 17, 2019, with the Bank of Thailand (BOT) as the distributor for the right to buy.
(1) Selling bonds by means of bidding for returns for e-Bidding users in accordance with the Bank of Thailand regulations on e-Bidding transactions (2003) including banks of Thailand Government Savings Bank, Government Housing Bank Bank for Agriculture and Agricultural Cooperatives Export-Import Bank of Thailand Finance company Securities company Government Pension Fund Provident Fund, Mutual Fund, Social Security Office insurance company Life insurance company And other institutions With a deposit account at the Bank of Thailand
(2) Selling bonds by means of a tender offer to the Corporate Cooperative Foundation for charity, religion, art, culture, science, literature, education, other public interest Without aiming to share And funds that are legal entities that use the benefits from the money tree
Dr. Pasu added that Sales of 2 SME Bank bonds, totaling 8,000 million baht, will help strengthen liquidity. Causing the bank to have appropriate financial costs in the long run Can be used to release low interest rate loans to SMEs entrepreneurs Through the credit program to raise the community economy Sufficiently By the end of May 2019, the Bank has already disbursed more than 15,000 million baht in loans to SMEs entrepreneurs, more than double the same period last year (2018) and is expected by June. This 2019 will be able to disburse up to 20,000 million baht, causing the end of this year (2019) to provide loans to SMEs entrepreneurs according to the target of 60,000 million baht. The number of SMEs accessing more sources of capital 60,000 people help drive the economy in the system nearly 300,000 million baht
For more information: Treasury Department, Sarinat Chanthanapiboon, Tel. 02 265 4465, Phak Chiraphatphanam, Tel. 02 265 4469