PUEAN announced that the bond offering for Round 1/2568 received an excellent response, with institutional and major investors fully subscribing to the entire amount of 180 million baht. This reflects confidence in the business of providing Pico Finance Plus loans, which continues to grow amidst a volatile economy. The company is moving forward to enhance operational capabilities and prepare for branch expansions to strengthen its loan portfolio in 2568, aiming for a total of 1 billion baht.

Mr. Wuttisilp Jaratsawaporn, CEO of PUEAN Capital Co., Ltd., revealed that the company conducted the bond offering for PUEAN Round 1/2568 from April 8-10, 2568, which received an outstanding response from institutional and major investors, successfully closing the subscription at the full amount of 180 million baht. This demonstrates strong confidence in the company's robust potential to achieve continuous growth even during economic fluctuations, as it aims to become a leader in the provincial microfinance business with comprehensive service branches and accessible online channels for customers seeking loans. The target for loan receivables in 2568 is set at 1 billion baht.

The bond offering is secured by PUEAN Capital Co., Ltd. and is due for redemption in 2571. It is a registered bond type with specified holders, non-subordinated, secured, and has a bondholder representative. The issuer has the right to redeem the bonds before the maturity date. The bonds have a maturity of 3 years and 6 months, with a fixed interest rate of 7.50% per annum, with interest payments every 3 months throughout the bond's term. The total offering amount does not exceed 180 million baht, and the business collateral is registered with claims that the issuer has against loan debtors, which are not specifically designated debtors and/or land owned by directors, with a value of not less than 1.15 times the total value of the bonds issued and offered.

The bonds were offered through four underwriters: Dao Securities (Thailand) Public Company Limited, Globlex Securities Co., Ltd., Pie Securities Public Company Limited, and Mertion Partners Securities Public Company Limited.

The purpose of this bond offering is to raise funds for working capital amounting to 140 million baht for the Pico Finance Plus business to support the liquidity needs of the public amid uncertain economic conditions. Additionally, 40 million baht will be used to repay the PUEAN255A bonds.

“We would like to thank institutional and major investors for their overwhelming response to our bonds. This reflects their trust in our operations and confidence in our business growth. We also appreciate our partners in this bond offering, including Asset Pro Management Co., Ltd. as financial advisor, Dao Securities (Thailand) Public Company Limited, Globlex Securities Co., Ltd., Pie Securities Public Company Limited, Mertion Partners Securities Public Company Limited as bond underwriters, and MSC International Law Office Co., Ltd. as legal advisor, along with all involved parties,” said Mr. Wuttisilp.

The company is confident that it can utilize the raised funds effectively to expand its capabilities according to its plans, including increasing service branches to meet customer demands and expanding the loan portfolio, as well as achieving the targeted growth in performance,” Mr. Wuttisilp concluded.