Capital Markets.
Our Capital Markets practice represents both domestic and international clients in issuing equity instruments and debt securities and advises underwriters and issuers on compliance with the rules and regulations of the Thai Securities and Exchange Commission and the Stock Exchange of Thailand. We also advise on post-issue matters such as restructuring, refinancing and liability management.
Our specialists advise on the full range of available financial instruments, including initial public offerings and secondary public offerings, hybrid and complex debt instruments, such as convertible bonds, exchangeable bonds and securitisation bonds, as well as infrastructure funds and real estate investment trusts.
We regularly advise on equity offerings spanning both domestic and international IPOs and POs and equity linked products and listings on the Stock Exchange of Thailand, rights issues, private placements of shares, domestic and international debts offerings, straight bonds and medium-term note programmes, convertible bonds, hybrid bonds (perpetual bonds) and regulatory capital bonds.
We have also assisted clients with investments in Thailand to list parent company’s shares on regional stock exchanges in Singapore, Malaysia and Hong Kong, as well as to issue bonds for offerings to international investors. We also regularly advise on cross-border transactions, to ensure compliance of offshore products offered to investors in Thailand.
Wealth of Experience.
Our team advises on the most challenging transactions and has a proven record of completing on time.
Outstanding Track Record.
Our team advises on the most challenging transactions and has a proven record of completing on time.
Advanced Solutions.
Depth and scope of expertise through regular involvement in some of the most significant and innovative transactions in the Thai market.
Assured Delivery.
We understand the demands of capital market transactions and have the resources and ability to deliver in-depth advice in a timely manner.
Experience.
Recent practitioner and practice Capital Markets highlights.
Trust fund of a regional development bank
Represented a trust fund of a regional development bank in connection with the legal aspects of the guarantee to be provided by the fund of S$195 million (~ USD 138.2 million) in unsecured bonds issued by a Singaporean subsidiary of a listed Thai company.
Industrial real estate, logistics and utilities company
Advised a leading company in logistics, industrial estates, utilities and power and digital services, on their corporate restructuring, initial public offering and listing (spin-off) of one of their subsidiaries on the SET, valued at THB 6.02 billion (~ USD 174.8 million).
Hospitality and real estate company
Represented a hotel and restaurant operator and real estate developer, in its THB 750 million initial public offering on the Stock Exchange of Thailand.
Telecommunications infrastructure lease
Advised a telecommunications company in relation to the lease of its 2300 MHz network equipment, as well as the 2300 MHz network domestic roaming service, to another operator.
Home furnishings company initial public offering
Represented a leading retail home furnishings company with 36 branches in Thailand and a network of retailers in seven countries, in its THB 2.31 billion initial public offering.
Regional development bank trust fund
Represented a trust fund of one of the major development banks, on the issuance of Partially Guaranteed Bonds for a Thai gas and petrochemicals company.
Group of international banks
Represented a group of three major international banks in relation to a global chemicals company’s liability management transaction, involving a tender offer to purchase its outstanding USD 1 billion 4.25% Senior Unsecured Notes due 2022 from existing holders and the subsequent issuance by an affiliated entity of like-kind notes, guaranteed by the chemicals company.
Group of international banks
Advised a group of four international banks in relation to the issuance of USD 400 million 4.90 per cent Perpetual Additional Tier 1 Capital Securities issued by a major Thai bank.
Thai bank issuance of Guaranteed Senior Perpetual Capital Securities
Represented a major Thai bank (as guarantor) in the issuance of USD 300 million Guaranteed Senior Perpetual Capital Securities issued by one of the largest hospitality, restaurant and lifestyle companies in the Asia Pacific Region.
Energy company tendering to purchase Senior Notes
Represented a major energy company in the tender for purchase of USD 350 million 5.875% Senior Notes due 2035 and USD 600 million 4.5% Senior Notes due 2042 issued and offered to sell like-kind note to Existing Note holders.
Energy company issuance of long term senior notes
Represented a major Thai energy conglomerate in the issuance of long term senior notes by its Treasury Center, under a USD 3 billion Global Medium Term Notes Program.
Group of international banks
Represented four major international banks in the establishment of a USD 2 billion Global Medium Term Notes Program by a major energy company.
Experts.
Latest News.
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