PUEAN Bonds Launch Day: Investor Demand Surges
The first day of offering for the secured bonds of PUEAN, series 1/2568, has concluded with a vibrant response from investors. The demand for subscriptions was overwhelming, fueled by confidence in the Pico Finance Plus service, which boasts collateral in the form of land at an impressive 99.61%. The goal is to grow the loan portfolio to 1 billion baht by the end of 2568. This bond issuance has a term of 3 years and 6 months, maturing in 2571, with a fixed interest rate of 7.50%. The total value is capped at 180 million baht, with interest paid quarterly throughout the bond's lifespan. These are secured bonds registered against business collateral claims that the issuer has with borrowers of non-specific debtors and/or land owned by directors, valued at no less than 1.15 times the bond's issued value. The bonds are available for subscription to institutional investors and/or major investors at Dao Securities (Thailand), Globlex Securities, Pie Securities, and Mertion Partners until April 10!