Capital Markets
Your gateway to capital market success
Our Capital Markets team is dedicated to providing innovative legal solutions, leveraging our wide-ranging knowledge in both debt and equity markets.
We are committed to assisting clients with a variety of transactions, including debenture transactions, initial public offerings (IPOs) both domestically and internationally, Real Estate Investment Trusts (REITs), private offerings, private placements, and delisting processes. Our approach prioritises compliance with regulatory requirements while striving to optimise outcomes for our clients.
While our team is growing in experience with REITs, we are focused on representing stakeholders such as property owners, REIT managers, and unitholder representatives. Our involvement spans various stages of REIT development, from establishment to operational management. This engagement allows us to build a solid understanding of the rules and regulations governing REITs, enabling us to offer strategic advice tailored to our clients’ needs.
Moreover, our team possesses significant experience in handling IPOs on both domestic and international fronts. This expertise allows us to guide clients through the intricate processes involved, ensuring that their offerings are structured effectively and comply with the relevant legal frameworks.
By combining our legal expertise with innovative thinking, we aim to deliver exceptional service and support, helping clients navigate the complexities of the capital markets and achieve their strategic goals in a competitive environment.
Key Highlight Matters
Transforming prime office assets into investment opportunities through REIT structuring
Representation of the real estate developer under the largest telecommunication company in Thailand in the establishment of Bualuang Office Leasehold Real Estate Investment Trust (BWORK), with Krung Thai Asset Management Public Company Limited as trustee and BBL Asset Management Company Limited as REIT manager for an investment in 30-year leasehold of 2 large office buildings on Ratchadaphisek Road and Pattanakarn Road with a total investment of approximately THB 4 billion. The fund was financed through bank loans from Bangkok Bank and a public offering of trust units. Trading began on February 28, 2018.
Pioneering Thailand’s first state enterprise-backed infrastructure fund
Representation of the largest state enterprise in the energy generation sector, the country’s largest power producer, and Krung Thai Asset Management Public Company Limited (KTAM), as fund manager, in the initial public offering of investment units for the North Bangkok Power Plant Block 1 Infrastructure Fund (EGATIF). This was Thailand’s first state enterprise-backed infrastructure fund and the largest power sector infrastructure fund listed on the Stock Exchange of Thailand. EGATIF invested in revenue rights from a 670 MW combined-cycle power plant for a 20-year term. The IPO was completed on July 13, 2015, with a total value of THB 20.86 billion.
Advising on REIT establishment for leading industrial city developer
Supporting major conglomerate in forming a REIT for prime CBD office assets
Representation of a subsidiary of one of the largest investor companies and a subsidiary of one of the largest conglomerates in Thailand in the formation of a REIT for various office buildings in Bangkok’s central business district, including Sathorn Square, to ensure compliance with securities laws and regulations, with Kasikorn Asset Management Co., Ltd. as trustee. The REIT was established 22 March 2016 and had raised over THB 8.1 billion (USD 240 million) from paid-up capital.
Key Individuals
Our experienced lawyers bring in-depth knowledge and a strategic approach to meet your legal needs.
