Sukhumvit Asset Management Co Ltd (SAM) is in the process of issuing debentures worth 2.5 billion baht as part of a plan to purchase bad assets next year.
The company assumes non-performing loans (NPLs) in the banking industry will be higher next year because of an uneven economic recovery.
SAM wants to raise 2.5 billion baht through the issuance of senior unsecured debentures with a seven-year maturity. The debentures are affirmed at an AA+ credit rating with a stable outlook by Tris Rating. The subscription period is set for December.
