Central Retail has planned to issue additional a greenshoe option of 2bn

Editorial Staff

Central Retail has planned to issue additional a greenshoe option of 2bn

Central Retail has planned to issue a greenshoe option of two billion baht, amounting to a total of seven billion baht to serve the demand and increasing number of investors.

Mr. Yol Phoksasub, chief executive officer of Central Retail Corporation Plc (CRC) said Central Retail issues bonds for the first time, exceeding reserve sales target by almost 3 times of a target set of 5 billion baht while the company has continued to achieve strong business growth and maintain good corporate governance.

“CRC has issued bond sales for the first time, providing an alternative for institution investors and large-scale investors seeking bonds with stable and strong returns. This movement has attracted overwhelming attention from investors, with reserve sales exceeding almost three times the initial target set of 5 billion baht.”

The company also planned to issue an additional greenshoe option of two billion baht, amounting to a total of seven billion baht to serve the demand and increasing number of investors

By raising funds, Central Retail aims to strengthen its financial potential, increase liquidity, and decrease costs whilst also support business expansion plans for sustainable business growth.

TRIS Rating has rated Central Retail’s credibility with the highest rating in the retail sector at a score of ‘AA-’ with a ‘Stable’ outlook, reinforcing its leadership as a strong, stable, and financially stable company. Central Retail also received a transparency score of ‘excellent’ or 5 stars for the third consecutive year from the Corporate Governance Report (CGR) survey.

Most importantly, the company received an ‘AAA’ score for its SET ESG Rating from the Stock Exchange of Thailand in 2023, which is considered the highest level in Thailand. The company was also awarded the Commended Sustainability Awards in the Sustainability Excellence category at the SET Awards 2023, reflecting Central Retail’s commitment in driving sustainable growth alongside society, the environment, and all stakeholders.

Central Retail has taken a leadership role in the retail industry for over 80 years, with businesses in fashion, food, hardline, property, and health and wellness across over 3,600 retail stores in Thailand, Vietnam, and Italy.