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Banpu issues debentures worth Bt10bn

May 22. 2019
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By The Nation

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Banpu Public Company Limited, an 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 per cent each year, worth Bt10 billion.

The debentures were offered to institutional investors and high net worth investors.

Somruedee Chaimongkol, Banpu’s CEO, said: “The offering of Banpu’s debentures was exceptionally successful with overwhelming interest from investors. During the book-building process, the debentures were two times oversubscribed, emphasising the trust investors placed in Banpu. 

"So we decided to exercise a green-shoe option, making a total issue size of Bt10 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 materialise 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 were 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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