Double A is set to offer bonds 1/2024 worth up to 2.5 billion baht, with subscription open from 1-4 July 2024. The company reports continuous strong performance, with TRIS Rating giving it a BBB (Stable) rating, reflecting the business's strength.
Double A (1991) Public Company Limited will offer bonds 1/2024 to the general public (PO). The first series of bonds has a 3-year and 9-month term, maturing in 2028, with a fixed interest rate of 4.95% per year. The second series has a 7-year term, maturing in 2031, with a fixed interest rate of 5.80% per year. Interest will be paid every three months throughout the bond term. The minimum subscription is 100,000 baht, with increments of 100,000 baht, and the total offering does not exceed 2.5 billion baht.
The purpose of this bond issuance is to refinance maturing bonds. Double A reported a net profit of 1.722 billion baht in 2023, up 786 million baht or 84% from the previous year. In Q1 of 2024, the company reported a net profit of 529 million baht, an increase of 7.09% from the same quarter last year, maintaining its profitability. This growth is primarily driven by the expanding international market, particularly in high-demand regions like Australia and India.
This performance reflects Double A's strong market penetration strategy and the brand's global recognition, exporting to over 145 countries. Continuous product development also meets customer needs, including hygiene products under the Double A Care brand and stationery and office supplies under the Double A Stationery brand.
Double A bonds received a BBB credit rating with a stable outlook from TRIS Rating on 2 November 2023, reflecting the company's strength in the paper industry and the market's confidence in Double A's sustainable business growth.
Interested investors can subscribe to the bonds from 1-4 July 2024 through 11 managing underwriters:
- Asia Plus Securities Co., Ltd.
- Krungthai XSpring Securities Co., Ltd.
- CGS International Securities (Thailand) Co., Ltd.
- Globlex Securities Co., Ltd.
- KGI Securities (Thailand) Public Co., Ltd.
- Merchant Partners Securities Public Co., Ltd.
- Bluebell Securities Co., Ltd.
- Yuanta Securities (Thailand) Co., Ltd.
- UOB Kay Hian Securities (Thailand) Public Co., Ltd.
- Finansia Syrus Securities Public Co., Ltd.
- Krungsri Securities Public Co., Ltd.
Note: Understand the product characteristics, yield conditions, and risks before making an investment decision.