Siam Piwat preparing to issue perpetual bonds

Shoppers at Iconsiam, which is operated by Siam Piwat Group. As of June 30, Tris Rating assigned Siam Piwat a company rating of A- with a stable outlook, and the firm's perpetual bonds were rated BBB with a stable outlook.

Leading real estate and retail developer Siam Piwat is preparing to issue the first-ever perpetual bonds to attract institutional and high-net-worth investors in the first week of August.

The bonds have an estimated interest rate of 5.25-5.50% per annum in the first five years and will be paid out quarterly.