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Overwhelming Responses to Banpu’s Debentures Resulting Subscriptions Close at a Total Value of THB 16,000 Million

Overwhelming Responses to Banpu’s Debentures Resulting Subscriptions Close at a Total Value of THB 16,000 Million

Bangkok, 4 August 2021:  Banpu Public Company Limited or BANPU, a leading international versatile energy provider, successfully closed its offering of four tranches of unsubordinated and unsecured debentures with a debenture holders’ representative in the name-registered certificate. The 5-year Debenture, the 7-year Debenture, and the 10-year Debenture were offered to general investors at the interest rates of 2.90%, 3.30%, and 3.80% per annum, respectively. Also, the 3-Year Debenture with the interest rate 1.58% per annum was offered to institutional and high net worth investors. The debentures offered on 30 July and 2–3 August 2021 were oversubscribed by four times by investors. The Company decided to raise the debenture’s value to satisfy the investor’s demand.  Underwriters said there is a demand to invest in high-yield debentures, especially those issued and offered by stable and sustainable companies with a strong commitment on ESG (Environment, Social and Governance) principles, of which BANPU’s debentures are the right investment option.

Mrs. Somruedee Chaimongkol, Chief Executive Officer of Banpu Public Company Limited, expressed appreciation on behalf of the Company to all investors, including general, institutional, and high net worth investors, as well as some savings and credit cooperatives who were interested in subscribing to the debentures. As the offering got four times oversubscribed, the Company increased the total debenture value to THB 16,000 million to satisfy the increased demand. The overwhelming response reflects investor confidence in the business performance of Banpu, a leading international versatile energy provider committed to expanding sustainable growth under the Greener & Smarter strategy and prioritizing community, economic, and social development in tandem with environmental protection.

Banpu offered the general investors with three tranches of debentures: the 5-year Debenture with an interest rate of 2.90% per annum, the 7-year Debenture with an interest rate of 3.30% per annum, and the 10-year Debenture with an interest rate of 3.80% per annum. It also offered institutional and high net worth investors the 3-year Debenture with an interest rate of 1.58% per annum. The interest will be paid every six months. TRIS Rating assigned the ratings of Banpu and its debentures at “A+” with a “Stable” on 23 July 2021. The debentures were offered through four underwriters: Bangkok Bank Public Company Limited, Krung Thai Bank Public Company Limited, CIMB Bank (Thailand) Public Company Limited, and Kiatnakin Phatra Securities Public Company Limited via regular branches and online systems or mobile applications. The offering has closed successfully and satisfactorily.

One of the underwriters of Banpu’s debentures stated that amidst the current situation, investors are looking to invest in high-yield debentures offered by stable companies. Being financially robust, Banpu is a leader in the industry as well as the leader in business transformation for sustainability. The Company has promising growth potential, as reaffirmed by its A+ rating debentures, which respond to the investors’ demand and are the right investment option. Banpu’s new 5-year business plan for 2021-2025 is another factor reinforcing the trust and confidence of investors, urging them to take part in expanding the Company’s sustainable growth under the Greener & Smarter strategy to deliver Smarter Energy for Sustainability.

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