UNIQ Issues 3-Y Debentures with 3.7% Coupon Rate and “BBB” “Stable” Rating from TRIS

Unique Construction and Engineering Public Company Limited (UNIQ), the leading construction company in Thailand, prepares to issue and offer 3-year debentures to the public in the amount up to THB 3 billion. The debentures, which coupon will be 3.70% p.a., the company being rated ‘BBB+’ with ‘stable’ outlook by TRIS rating, in which the debentures are being rated ‘BBB’ and the minimum investment of THB 100,000, is expected to be available for subscription during 11-13 February 2020 via Krungthai Bank (KTB) branches.

The key purpose of the issuance is to raise funds for the construction of SRT Light Red Line Project in the suburban area of Bang-Sue-Rangsit and other future projects. Management is confident that the company will get full support from investors due to reasonable investment return and promising outlook of public infrastructure projects over the coming years which the government has to speed up their infrastructure projects investment.

 

Mr. Toemphong Mohsuwa, Senior Vice President Group of Account and Finance of Unique Construction and Engineering PCL or UNIQ, Thailand’s leader in creativity and modern-day innovation for quality & full circle engineering and construction, reveals the company has appointed Krungthai Bank PCL to be the underwriter of this THB 3 billion debentures.

The 3-year debentures with 3.70% annual return, rated BBB by TRIS will be available to the public investors during February 11-13, 2020. Interest will be paid quarterly and the minimum investment is THB 100,000. The objective of debenture issuance is for the construction of SRT Light Red Line Project in the suburban area of Bang-Sue-Rangsit and other future projects.

 

Apart from being the leading construction company in Thailand, UNIQ’s enhanced competitiveness, hefty backlog, and solid profitability. The company is poised for growth from the much-anticipated public transportation infrastructure projects in the years ahead, considering its enhanced record of bidding and completing large-scale projects. As of 30 September 2019, the on-hand project values THB 90,000 million and the backlog is amounting to THB 16,000 million. UNIQ would continue to focus on public construction projects due to a promising outlook of public infrastructure projects over the coming years which the government has to speed up their infrastructure projects investment.

 

Mr. Rawin Boonyanusasna, Senior Executive Vice President Group Head, Managing Director, Global Markets Group, KTB believes investors will interest in UNIQ debentures because not only it is the appropriate investment alternative in the current fluctuated market, but it also provides satisfactory returns. With the UNIQ’s strong fundamentals from being one of the leading construction company, the UNIQ debenture will attract more investors.

 

Unique Construction and Engineering PCL is a construction company, specializing in medium to large construction projects that requires managerial expertise and skills to select the appropriate technology including the construction of steel-structured bridge or reinforced concrete-structure bridge, intersection tunnels, construction of reinforced concrete or asphaltic concrete roads, underground infrastructure covering electricity, plumbing or phone wires, and high-value construction projects or projects that require certain expertise or technology.

The company’s major clients are government and state enterprises, for example, the Department of Highways, Expressway Authority of Thailand, Mass Rapid Transit Authority of Thailand, Metropolitan Electricity Authority and Airports of Thailand PCL. The company’s recent performances are highly recognized as being of high quality and efficient company which resulted in consistently strengthening its market position.

 

Moreover, in December 2019, UNIQ has signed the contract with the State Railway of Thailand on the Signaling and Telecommunications Systems for the Construction of Double Track Railway Project, Lop Buri- Pak Nam Pho section in the amount of THB 2,800 million.

“KTB is very pleased to be the official underwriter of this UNIQ’s debenture.

This is another great opportunity for investors to have more alternative investments. The company is rated ‘BBB+’ with ‘stable’ outlook by TRIS rating, in which the debentures is being rated ‘BBB’” said Mr. Rawin.