Srisawad Corporation Public Company Limited (SAWAD) has closed the deal on the offering of four tranches of secured bonds totaling 4.5 billion baht, which were fully subscribed. Institutional investors placed orders exceeding twice the offered amount, underscoring confidence in the company's strong financial position under its A-(tha) rating with a Stable outlook. The four bond series have tenors of 3, 5, 7, and 10 years, with coupon rates of 2.75%, 3.10%, 3.55%, and 4.00% per annum, respectively. The bonds are secured, non-subordinated, and have a bondholders' representative. The company will use the proceeds to support business expansion and repay maturing debt, while efficiently managing financial costs.
Srisawad Power 1979 PCLSAWAD's 4.5bn baht secured bond offering was fully subscribed and 2x oversubscribed, funding expansion and debt repayment.
