Thai Union PCL : and four financial institutions announce readiness to offer subordinated perpetual debentures during 26-28 November
October 31, 2019 at 05:12 am EDT
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31 October 2019, BANGKOK - Mr. Thiraphong Chansiri, CEO, and Mr. Joerg Ayrle, CFO of Thai Union Group PCL, one of the world's largest seafood companies, and representatives from four leading financial institutions as lead underwriters announced their readiness to offer Thai Union's THB 4 billion subordinated perpetual debentures with an additional greenshoe of THB 2 billion, totaling of THB 6 billion, to the public. The debentures, which are expected to be issued and offered for sale between 26-28 November, will strengthen Thai Union's financial structure and build a long-term financial foundation for the company. TRIS Rating has rated Thai Union A+ with a stable outlook and rated the debentures at A-. The company confirmed that the terms and conditions of the new subordinated perpetual debentures are aligned with the new accounting standard, TAS 32, thus are qualified as equity on the company's balance sheet.
From left to right
Mr. Anuwat Ruamsuke, Managing Director, Head of Capital Markets Department, Phatra Securities
Mr. Narin Opamuratawongse, Executive Vice President and Manager, Investment Banking Division, BBL
Mr. Thiraphong Chansiri, CEO of Thai Union Group
Mr. Joerg Ayrle, Group Chief Financial Officer, Thai Union Group
Mr. Kritchakorn Nontanakorn, Head of Debt Capital Market, Global Markets Group, KTB
Mr. Tanik Tarawisid, Executive Vice President, Capital Markets Function, SCB
About Thai Union Group
Thai Union Group PCL is the world's seafood leader bringing high quality, healthy, tasty and innovative seafood products to customers across the world for more than 40 years.
Today, Thai Union is regarded as the world's largest producer of shelf-stable tuna products with annual sales exceeding THB 133.3 billion (US$ 4.1 billion) and a global workforce of over 47,000 people who are dedicated to pioneering sustainable, innovative seafood products.
The company's global brand portfolio includes market-leading international brands such as Chicken of the Sea, John West, Petit Navire, Parmentier, Mareblu, King Oscar, and Rügen Fisch and Thai-leading brands SEALECT, Fisho, Qfresh, Monori, Bellotta and Marvo.
As a company committed to innovation and globally responsible behavior, Thai Union is proud to be a member of the United Nations Global Compact, and a founding member of the International Seafood Sustainability Foundation (ISSF). In 2015, Thai Union introduced its SeaChange® sustainability strategy. Find out more at seachangesustainability.org. Thai Union's on-going work on sustainability issues was recognized in 2018 and 2019 by being ranked number one in the world in the Food Products Industry in the Dow Jones Sustainability Index, achieving a 100th percentile ranking for total sustainability score. Thai Union has now been named to the DJSI for six consecutive years. Thai Union was also named to the FTSE4Good Emerging Index for the third straight year in 2018.
Media contacts
Thai Union Group PCL.
Wiriyaporn Posayanonda
Head of External Communications
M: +66.63.231.0385
E: Wiriyaporn.Posayanonda@thaiunion.com
i2C Communications Co., Ltd.(On Behalf of Thai Union Group PCL.)
Sirikwan Munjitjuntra
PR Manager
M: +66 .81.914.7556
E : sirikwani2c@gmail.com
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Thai Union Group pcl published this content on 31 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 October 2019 09:11:04 UTC
Thai Union Group Public Company Limited is a Thailand-based company. The principal activities of the Company and its Thai subsidiaries are the manufacture and sale of frozen, chilled and canned seafood. The Companyâs segment includes ambient seafood, frozen and chilled seafood and related businesses, pet food, and value-added and other businesses. The Companyâs subsidiaries are also engaged in packaging, printing, pet food, food ingredients and food supplemental businesses. Its subsidiaries in the United States distribute pet food, lobster, and other seafood products and import shrimp and other frozen seafood products for sale to restaurant chains, retailers and wholesalers. Its subsidiaries in Europe manufacture and distribute ambient and chilled seafood products to countries in Europe, the United States and Australia under their trademarks. Its subsidiaries in Asia manufacture and distribute seafood in Vietnam and China. The Company has 17 branches in Bangkok and Samutsakorn.