The Siam Cement Public Company Limited (SCG) is preparing to offer its first series of debentures for 2025 (SCC294A), maturing in 2029, to general investors. The debentures carry a 4-year term with a fixed interest rate of 3.20% per annum, paying interest quarterly. The offering maintains an A(tha) credit rating from Fitch Ratings Thailand, reflecting SCG’s stable and robust financial position and commitment to sustainable growth. Subscriptions will open on March 3, 2025, through five major banks.
Mrs. Chantanida Sarigaphuti, Vice President-Finance and Investment & CFO, SCG, stated, “This debenture offering aims to refinance maturing debentures while continuing to strengthen our business operations. In 2024, SCG maintained a strong financial position with an EBITDA of 53,946 million baht, comparable to 2023. This stability resulted from various business enhancement measures, including working capital management, operational restructuring, discontinuation of unprofitable operations, efficiency improvements, and focused CAPEX control on high-return, quick-yield projects. These efforts led to a reduction in net debt by 16,777 million baht from Q3, with a net debt-to-equity ratio of 0.7 and year-end cash reserves of 53,331 million baht. Looking ahead to 2025, we see growth opportunities from regional economic recovery and continued adaptation across all business groups – Cement and Building Materials, Chemicals, and Packaging – through high-value innovation initiatives and expansion into promising new markets. We anticipate strong investor interest in this debenture offering, as with our previous issues.”
The Securities and Exchange Commission has approved SCG’s filing for this new series of named, unsubordinated, unsecured debentures with a debenture holders’ representative. The offering is valued at up to 15,000 million baht with a 4-year term. Fitch Ratings Thailand assigned an A(tha) rating on January 20, 2025, reflecting SCG’s strong financial position and effective management capabilities.
The subscription period for the new “SCC294A” debentures is scheduled as follows:
- March 3-7, 2025: For holders of maturing “SCC254A” debentures (due April 1, 2025)
- March 25-27, 2025: For current debenture holders of SCG, SCG Packaging, and SCG Chemicals
- March 28-31, 2025: For general investors
Subscriptions will be available through Krungthai Bank, Bangkok Bank, Bank of Ayudhya, Kasikornbank, and Siam Commercial Bank.
For additional information, interested investors can contact the following underwriting banks: Krungthai Bank (02-111-1111), Bangkok Bank (02-626-3646, 02-626-3592, 02-230-2328), Bank of Ayudhya (02-296-3999, 1572), Kasikornbank (02-888-8888 ext. 869), and Siam Commercial Bank (02-777-6784).
Published on: Feb 13, 2025
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