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.
Thai Union Group PCL.
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