Phatra Securities is the leading securities company in Thailand. Being the first local house to provide investment banking services with the longest continuation of management team, we continuously develop and accumulate in-depth knowledge about the market and our clients. Throughout over 40 years of our experience, we support our clients in their many strategic plans, both in their fund raising activities and in their merger and acquisitions, sharing their goal to pursue growth and to enhance business competitiveness.
We aim to provide our services according to “International Standard with a Thai Touch”, the philosophy that we embody and has led us to be the trusted partner of several leading companies, both in Thailand and Multi-National Corporations across countries and industries. We have, and continue, to serve over 37 companies in the SET 50, together they have combined market capitalization of over 83% of the SET50 companies (as of December 2012). To ensure the best quality of our service, we continue to enhance the depth and the scope of our services through continuous improvement of the traditional investment banking products such as fund raising and merger & acquisitions (M&A). In addition, we also seek to add to our services the credit and structured products through the cooperation with Kiatnakin Bank. And with cooperation from the world leading investment bank – Bank of America Merrill Lynch (BofAML), we are able to offer our clients with global products and access to global capital market.
With our continued success, we are consistently named the best domestic investment bank in Thailand by the financial industry's leading publications such as Euromoney, the Asset, and Finance Asia. Moreover, several of Phatra-led landmark transactions are also awarded best deals by leading institutions such as the Stock Exchange of Thailand, Finance Asia and AsiaMoney. The leading position in the fund raising and M&A league tables is also a reflective of our clear dominance in the investment banking services in Thailand.
Phatra command top positions in all of the respective services. Our firm has constantly received international recognition as the best investment bank,
the best equity house and best M&A house.
- Asia Pacific Best Structure Equity Deal of the Year (CPF) (2014) – IFR Asia
- Asia Equity Issue of the Year (BTSGIF IPO) (2013) – IFR Asia
- Thailand Equity Issue of the Year (BTSGIF IPO) (2013) – IFR Asia
- Best IPO in the Region (BTSGIF USD 2.1 bn)(2013) – Finance Asia
- Best Thailand Deal BTMU USD 5.6 bn offer for BAY (2013) – Finance Asia
- Best Thailand Deal (Tesco Lotus) (2012) - Finance Asia
- Best Investment Bank (2006, 2009-2013) – Finance Asia
- Best Equity House (2008, 2009, 2011-2013) – Finance Asia
- Best Deal of the year (ESSO IPO)(2008) – Finance Asia
- Best Investment Bank (2006, 2007, 2010, 2011, 2013, 2014) – Triple A Country Award
- Best Equity House (2004-2008, 2013) – Triple A Country Award
- Best Deal (The Bank of Tokyo-Mitsubishi UFJ Limited’ s USD 5.6 bn offer for Bank of Ayudhya PCL) (2013) – Triple A Country Award
- Best Secondary Offering (PTT Exploration and Production) (2012) - Triple A Regional Deal Award
- Best M&A House (2004, 2008, 2009, 2015) – Triple A Country Award
- Best Bond Deal of the year in Southeast Asia (CPALL's THB 20 billion unsecured debt) (2015) – Alpha Southeast Asia
- Best Bond Deal for Retail Investors of The Year In South East Asia (CP All’s THB 40 billion (USD 1.20 million) Bond) (2014) – Alpha Southeast Asia
- Best Investment Bank (2008-2009 and 2010 - 2013, 2015) – Alpha Southeast Asia
- Best Secondary Deal Of The Year In Southeast Asia (US$3 billion PTTEP Secondary offering) (2012) – Alpha Southeast Asia
- Best M&A House (2009-2010) – Alpha Southeast Asia
- Best Investment Bank in Thailand (2011) – EuroMoney
|Products and Services
||Capital Market Fund Raisings
Having a complete distribution platform, we have access to investors worldwide through our Institutional Sales, our Private Wealth Management and BofAML network of global investors, giving us unparalleled placement capabilities to place any security products, particularly large offering transactions. We have successfully raised Baht 367,521 mm over the last decade and have completed 10 out of 10 largest IPOs from Thailand.
Our fund-raising services include new listings on the Stock Exchange of Thailand or the initial public offerings (IPO), follow-on securities offering both in form of Public Offering (PO) and Private Placement (PP). We are also the pioneer in the overnight offering or Accelerated Global Tender (AGT) in Thailand. Both the largest IPO/PO and AGT were transactions led by Phatra.
Example of our previous success include the IPO of Thai Beverage (Bt 38,084 mm, the largest IPO from Thailand), the PO of Krung Thai Bank by FIDF (Bt 29,325 mm), the IPO of Esso Thailand (Bt 9,304 mm, awarded the Best Deal of the Year by Finance Asia), the AGT of PTTCH by SCG (Bt 33,040 mm, the largest overnight placement) and the IPO of Tesco Lotus Property Fund – TLGF (Bt 18,408 mm, the largest-ever IPO of Thai property funds, with the offering size contributed to approximately 2/3 of market cap., awarded by Finance Asia as 2012 Best Thailand Deal)
||Mergers & Acquisitions and Strategic Sales
Phatra plays a major part in the M&A market with sizeable and notable transactions. We assists our clients in their strategic pursuit by devising and executing innovative and tailored solutions for our clients to achieve their respective goals of value creation, as well as transaction cost minimization. Our cooperation with international leading investment banks have helped us broaden our pool of prospect targets and partners for our clients, enhancing the possibility of creating value from the transactions.
We were part of several industry changer transactions such as the merger between BGH and Health Network Pcl (HNC) (Bt 12,515 mm, the largest merger and acquisition in health care sector in Thailand, creating a R
egional Healthcare Champion) , the restructuring of PTT's petrochemical business leading to the creation of PTT Global Chemical (PTTGC) and the acquisition of IRPC by PTT (together Bt 594,143 mm, becoming PTT Group's
Petrochemical Flagship, the largest petrochemical player and one of the major international players with combined market capitalization of Bt 355 bn) the business expansion of BAY by acquisition of retail banking
business of HSCB, Thailand (together Bt 17,452 mm, allowing BAY to maintain its leadership in the retail banking business) and the strategic sales of Bank Thai by FIDF to strategic partner – CIMB (Bt 5,904 mm, largest bank deal in that year.)
||Credit and Structured Products and Financial Advisory Services
In addition to traditional fund raising products and M&A services, we also provide clients with tailored made solution to best match with their financial demand such as the issuance of convertible bonds and perpetual bond (Bt 8,408 mm, THB Subordinated Perpetual Non-Cumulative Tier 1 Securities, Krung Thai Bank Public Company Limited in 2006).
The alliance with Kiatnakin Bank PCL will allowed Phatra to broaden the product range and offer its clients more complete lines of services. Together with Kiatnakin, Phatra will be able to expand our line of services to credit-linked products and transaction related debt facilities such as share financing and bridging M&A financing.
Phatra Securities also acted as financial advisors in project financing transaction. Our recent transaction is the feasibility study and project financing for the construction of dam and hydroelectric power plant by Xayaburi Hydroelectric Power, (Bt 115 bn, the largest project financing in power sector).
||Privatization and Other Services
Phatra Securities also advice our clients on other corporate finance transaction such as restructuring in preparation for offerings, including the corporatization and privatization of several state-owned enterprises including PTT, Airport of Thailand and MCOT.
In 2009, Phatra Securities was trusted by the Ministry of Finance ("MOF") to study the adoption of Infrastructure Fund ("IFF") in Thailand, which will be a tool for both public and private sector to raise fund from the public, both from institutional and retail investors.