Thailand's best securities house 2021
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Thailand's best securities house 2021

Kiatnakin Phatra Securities

Supachoke Supabundit, Kiatnakin Phatra Securities.jpg
Supachoke Supabundit, Kiatnakin Phatra Securities

Over the past two years, a handful of billion-dollar deals came to Thailand’s capital market – and Kiatnakin Phatra Securities was in the hot seat for some of them.

Phatra, led by president Supachoke Supabundit, was responsible for about $3 billion in primary equity fundraising for its clients in the year to June 30, 2021. In the first half of 2021 alone, it handled more than Bt2.4 trillion ($72.7 billion) in securities trades, according to data from the Stock Exchange of Thailand.

Phatra had a leading position on the largest IPO of the year – PTT Oil and Retail Business’s Bt47 billion ($1.4 billion) listing in February 2021. It completed the deal alongside Bualuang Securities, Finansa Securities, Kasikorn Securities and Tisco Securities. Bank of America, JPMorgan and Morgan Stanley were the global co-ordinators.

The local bookrunners carried out the roadshow for the deal in January. Despite an outbreak of Covid-19 at the time, the syndicate team was able to price the IPO shares at the top of the marketed range.

Phatra achieved top-end pricing for Ngern Tid Lor’s listing in April, when the country was rocked by a more severe resurgence of the virus.

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