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The Credit Guarantee and Investment Facility (“CGIF”) is pleased to announce its support for SNC Former Public Company Limited’s (“SNC”) 5-year THB 1 billion Guaranteed Bond issued on 27 January 2023.
A 100% credit-wrapped 5-year bond rated AAA by TRIS Rating was successfully placed with domestic institutional investors at a competitive coupon rate of 3.10%. The bond was issued under the ASEAN+3 Multi-Currency Bond Issuance Framework, a policy initiative under the Asian Bond Markets Initiative (ABMI) to standardize the bond and note issuance processes and with the goal of strengthening bond market linkages among the ASEAN+3 countries.
United Overseas Bank (Thai) Public Company Limited (“UOB (Thai)”) acted as the Sole Lead Arranger for this transaction.