Tuesday, February 25, 2020

B Grimm Power to issue debentures to refinance its debts

Aug 28. 2019
File Photo by B Grimm Power
File Photo by B Grimm Power
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By The Nation

B Grimm Power, an SET-listed energy company, is considering refinancing its debt by issuing new debentures to repay its debts, its chief financial officer Nopadej Karnasuta said.

He added that the company has Bt60 billion in interest-bearing debt, of which Bt30 billion has already been refinanced. It is planning to refinance the rest to further cut its financial costs. 

The plan is in line with the trend of declining loan interest rates.

Also, the drop in the price of liquefied natural gas (LNG) this year has benefited the company as the cost of LNG it uses in its power plants accounts for 70 per cent of its operating cost. 

B Grimm Power has also set aside Bt10 billion this year for developing its own power plant and for the takeover of power plants in Thailand and overseas.

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