Thai Union Group to Issue THB 10 Billion Debentures, the Largest Ever Issued by the Company

12 July 2016, Bangkok - Thai Union Group Public Company Limited (TU), one of the world's leading seafood suppliers, has successfully completed the book building for its new debentures. The 3-year, 5-year, and 7-year debentures total THB 10,000 million, the largest debentures ever issued by TU. The coupon for the 3-year debentures is 2.03% p.a., for 5-year debentures is 2.32% p.a., and for 7-year debentures is 2.79% p.a. The debentures were assigned AA- rating by TRIS Rating, a local credit rating agency. KASIKORNBANK Public Company Limited, Krung Thai Bank Public Company Limited, The Siam Commercial Bank Public Company Limited, and The Hong Kong and Shanghai Banking Corporation Limited, Bangkok Branch, are the Joint Lead Arrangers

The book building of the debentures attracted strong participation from institutional investors and were oversubscribed around 3.25 times. As a result, the original issue size target of THB 6,000 million was increased to THB 10,000 million to accommodate excess demand from institutional and high net-worth investors. The proceeds from the debentures will mostly be used to refinance existing Asset-Backed Loans (ABLs) borrowed by TU subsidiaries in the U.S. This will help TU in finalizing the establishment of a Global Treasury Center in Thailand, to improve the overall cost of borrowing for the Group, and to release assets placed with the bank as security for its loans which will provide more flexibility in accessing financial markets in the future.

Thai Union Group PCL

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 almost 40 years.

Today, Thai Union is regarded as the world's largest producer of shelf-stable tuna products with annual sales exceeding THB 125 billion (US$ 3.7 billion) and a global workforce of over 46,000 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, Bellotta and Marvo.

As a company committed to innovation and globally responsible behaviour, 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). Its work in sustainability has been recognised by its inclusion in the Dow Jones Sustainability Indices (DJSI) Emerging Markets in 2014. In 2015, Thai Union was listed in the index for the second year in a row with a 67 percent increase in its overall score, driven by improved performances across its environmental, economic and social criteria.

For more information, please contact:
Ms. Pantamas Krikul
Head of External Communications & Media Relations
Thai Union Group PCL
T: + 66 2 298 0024 ext.4423
M: +66 084 388 2617