Central Retail releases first-ever bonds to boost investor confidence

Reserve sales are valued at $141m.

Thailand-based retail company Central Retail has issued bonds for the first time, surpassing its initial reserve sales target by nearly three times.

The move aimed at both institutional and large-scale investors has drawn attention, with reserve sales topping the initial target set at $141m (THB 5,000m).

Central Retail has also considered issuing a greenshoe option of $56.4m (THB 2,000m), leading to a total of $197.5 (THB 7,000m) as a solution to the demand and reception from investors.

With the funds, Central Retail sets its target for the expansion of its fiscal potential, liquidity and utilisation of costs, as well as plans for sustainable business growth.

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“Building from strength to strength, Central Retail has continued to achieve strong business growth and maintain good corporate governance. We are committed in building a ‘Platform of Trust’ of retail and wholesale businesses for all stakeholder groups, inspiring trust and confidence across leading institutions,” Yol Phoksasub, CEO of Central Retail, said.