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Banpu Successfully Issues the New Debentures Worth THB 10 Billion

Banpu Successfully Issues the New Debentures Worth THB 10 Billion

Banpu Public Company Limited (Banpu), a leading integrated energy solutions company in Asia-Pacific, has successfully completed the issuance of 10-year unsubordinated and unsecured debentures with a debenture holders’ representative, with a fixed coupon rate of 4.00% per annum, worth THB 10 billion in total. The debentures were offered to institutional investors and high net worth investors.

Mrs. Somruedee Chaimongkol, Chief Executive Officer, Banpu Public Company Limited, said: “The offering of Banpu’s debentures was exceptionally successful with an overwhelming interest from investors. During the book building process, the debentures were two times oversubscribed, emphasizing the trust investors placed in Banpu. So, we decided to exercise a greenshoe option, making a total issue size of THB 10 billion to accommodate additional demands from investors. The proceeds from debenture issuance will be used for the repayment of existing debentures and loans, and used as working capital and investment capital to materialize Banpu’s vision to be the Asian energy company at the heart of innovation, technology, and sustainability, to create a satisfying and sustainable return for our investors and stakeholders.”

Bangkok Bank Public Company Limited was the sole lead arranger of this debenture issuance. Banpu’s debentures was assigned an A+ rating by TRIS Rating Co., Ltd., reflecting Banpu’s robust financial position, increasing earnings stability, and its strategic moves as a leading integrated energy solutions company in Asia-Pacific.

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About Banpu
Banpu Public Company Limited is a leading integrated energy solutions company with 3 core groups of businesses; energy resources, energy generation and energy technology in 10 countries: Thailand, Indonesia, China, Australia, Lao PDR, Mongolia, Singapore, Japan, the United States of America and Vietnam. As of 31 March 2019, Banpu’s assets totaled USD 8.576 billion, an increase of USD 122 million compared to the total assets as of 31 December 2018.

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