The Stock Exchange of Thailand, June 29-Many agencies join together to change the history of the capital market by piloting 4 major companies issuing debentures worth 6.7 billion baht.
Mr. Thawatchai Pittayasophon, Deputy Secretary-General, Acting Secretary-General The Securities and Exchange Commission (SEC) said that the development of the digital capital market According to the Thai capital market development plan for the year 2022-2027, the SEC therefore cooperates with the SET. Association of Thai Securities Companies and the Thai Bankers Association Thai Bond Market Association Launched a Web Portal system to support the initial public offering of private debt securities in the digital market. Throughout the process for the first time in Thailand from the issuance, offering, trading, as well as the payment and delivery
This project is an experiment in the sandbox of the SEC, hoping to transform the Thai capital market into a digital capital market. The trial began in May 2023. There were 4 first groups of issuers offering digital debt securities via the said system, namely (1) PTT Plc. (2) PTT Plc. P. (3) Toyota Leasing (Thailand) Co., Ltd. (4) Kasikorn Bank worth more than 6.7 billion baht from the current 18 private parties participating in the system testing. After this, the SEC continues to develop jointly. with many departments Developing the digital capital market Supports all forms of fundraising Giving investors of all genders and ages access to investment and complete information
The SEC wants to drive the development of the DIF Web Portal system to become a complete digital infrastructure of the Thai capital market. To change the process in the capital market to be 100% digital, creating competitiveness. Increase the efficiency of the Thai capital market. Continue to push for amendments to the laws and regulations that hinder the industry. promoting the use of the system and the use of information to further develop the capital market
Mr. Pakorn Peetathawatchai Director and Manager The Stock Exchange of Thailand, as the Main Operator’s representative, revealed that the DIF Web Portal is a service system for issuing bonds in the first market in digital form throughout the entire process. Has delivered debt securities in the form of scripless. From now on, the system will begin to develop. so that all activities in the capital market are digital Supports all forms of fundraising, including crypto, tokens, retail investors access to information to use trading information equally
Dr. Somjin Sornpaisan Managing Director The Thai Bond Market Association (ThaiBMA), as the DIF Project Operations Department, said that the development of the DIF project will be the digital infrastructure of the Thai capital market. By using modern technology to connect with the digital bond offering transaction system between all parties involved in a complete system, with convenience, speed, transparency, cost reduction, and paper usage. and reduce redundant work processes
Mr. Sumrit Samnang, Senior Executive Vice President Finance and Accounting Group PTT Exploration and Production Public Company Limited or PTTEP revealed that PTTEP is one of the first four debenture issuers. Offering via Web Portal PTTEP Treasury Center Co., Ltd., a subsidiary of PTTEP, offered Baht 1,500 million debentures to institutional investors. able to support the process of issuing bonds in the first market Since the application for approval of the offering Efficiently and securely from reservation to delivery of post-sale reports.
For the debentures in the amount of 1,500 million baht It is an unsubordinated debenture. have a guarantor There is a 3-year debenture holder’s representative with a fixed interest rate of 2.51% per annum, and guaranteed by PTTEP. It has been rated “AAA” by TRIS Rating. It is the highest rating of domestic debt securities. reflects the business strength and financial stability of the company.-Thai News Agency
Source: Thai News Agency
