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SCB Securities Wins Prestigious IFR Award 2000

Added: (Fri Feb 16 2001)

Pressbox (Press Release) - SCB Securities Company Limited has won the ‘Asia-Pacific Project Finance Loan of the Year’ award from – International Financial Review (IFR), a leading financial publications, for its role as a financial consultant to the successful fundraising for Ratchaburi Power Plant Project.

IFR headquartered in the UK has global circulation. Every year the IFR editorial team honours the most successful and outstanding financial transactions in each region around the world by giving these awards.

For the year 2000, SCB Securities is one of the honourees. IFR selected the Ratchaburi Power Plant project, to which SCB Securities was the lead financial advisor together with Lehman Brothers and Dresdner Kleinwort Benson, as the winner of the IFR 2000 Asia-Pacific Project Finance Loan of the year.

For more information, please contact:
Darakorn Nimmanheminda
SCB Securities Company Limited
Tel: 263-3500 Fax: 263-3811 or
Natha Sankhavadhana
Shandwick International (Thailand) Limited
Tel: 257-0300 Fax: 257-0312
E-mail: natha@shandwick.th.com

The magazine praised Ratchaburi Power Plant Project, as it was the largest Thai Baht project financing. It raised a 14-year loan of Bt44 billion from 17 local banks and financial institutes.

M.L. Chayotid Kridakon, the Managing Director of SCB Securities said, “We are very proud that our performance was recognised on a global level. We were not only a financial advisor to the Ratchaburi project, but also a lead underwriter for the project’s thriving initial public offering which raised funds from investors all over Thailand.”

“The success of this project has proved that our rational to raise funds domestically and to focus on selling shares to local people was appropriate. We would advise the same strategy to other privatisation projects in the future.”

M.L. Chayotid also said that “Wining the award demonstrates that our advisory and investment banking services can compete on an international level. We will continue to develop high quality staff in this field in order to strengthen Thailand’s capital market and bring in high-quality products to our clients.”

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