SAWAD (a Thai SME finance/microfinance company) successfully sold out all four tranches of corporate bonds with strong institutional demand (>2x oversubscription). The bonds—maturing in 3–10 years at 2.75–4.00% yields—are secured, rated A-(tha) Stable by Fitch, and will finance business expansion and debt repayment. High institutional uptake signals investor confidence in SAWAD's operations, financial health, and capital management.