JMT is preparing to sell bonds at interest rates between 4.10-4.90% per annum, paid every 3 months: PPTVHD36

Interest rates increase to their highest levels in 10 years, and commercial banks are expected to increase accordingly. – The private sector reduces GDP

‘High interest rates’ are still around for a long time, the MPC is confident that 10,000 baht of digital money will help the economy grow.

Mr. Suthirak Trishira Aborn, CEO JMT Network Services Public Company Limited or JMT It revealed that the company filed a registration statement with the Securities and Exchange Commission (SEC) to issue and offer long-term bonds. Write specifying the name of its holder, unaffiliated and unsecured type, with the representatives of the bondholders. The maturity dates are 2024 and 2026.

With the aim to be used as an investment in the purchase of distressed debts of the management and/or as working capital within the business group and/or to be used to repay bonds or loans from financial institutions during the year. 2024, as the company was given a corporate and bond credit rating of “BBB+” with a stable outlook by TRIS Rating Company Limited on September 19, 2023.

For the first group of bonds, with a maturity of 1 year, due in 2024, the interest rate is fixed at 4.10-4.25% per annum, and for the second group of bonds, with a maturity of 3 years, due in 2026, at a fixed interest rate of 4.75-4.90% per annum. Interest is paid every 3 months for the duration of the bond

It will be offered for sale to public investors and institutional (PO) investors, and is expected to be offered during the period from November 14 to 16, 2023 through 10 leading financial institutions, including Asia Plus Securities Co., Ltd., B Securities Co., and Yoonde Public Co., Ltd. , Maybank Securities (Thailand) Public Company Limited, Merchant Partners Securities Public Company Limited, Blue Bell Securities Company Limited, Dao Securities Limited (Thailand) Public Company Limited, KGI Securities (Thailand) Public Company Limited, Yuanta Securities (Thailand) Ltd., Krungthai Xspring Securities Company Limited and securities companies. CGS-CIMB (Thailand) Co., Ltd

However, the company is currently in the process of filing a registration statement and draft prospectus with the Office of the Securities and Exchange Commission, which have not yet become effective.

while JMT performance 2Q23 achieved net profit of 551 million baht, an increase of 27.2% compared to the same period last year. Total income reached 1,249.5 million baht, an increase of 14.8% compared to the same period last year. From continuing to expand the debt management portfolio by income from contracts with customers, interest income and profits from loans and purchases of receivables. Increased insurance income coupled with excellent management of collection of distressed debt portfolios.

During the first six months of 2023, net profit reached 1,004.06 million baht, an increase of 25.4% compared to the same period last year. Total cash flow amounted to 2,930 million pounds, an increase of 5% compared to the same period last year. Including the profit share from the JK AMC joint venture which rose. In the first half of 2023, the company purchased a total of 4,126 million baht of distressed debt, supporting JMT in acquiring a total distressed debt management portfolio of 468,536 million baht (including JK AMC), an increase of more than 30% of the management portfolio. Debt at the end of 2022 in the amount of 331,410 million baht.