IRPC seeks Bt28bn via bond issuance

Noppadol Pinsupa, IRPC president and CEO, explained that the bonds have bondholders' representatives but no guarantor and are rated A-(tha) by Fitch Ratings.

"Six financial institutions, namely Krungthai Bank, Kasikorn Bank, Siam Commercial Bank, CIMB Thai Bank, TMB Bank, and Phatra Securities will responsible for the bond offering," he said, adding the bonds were a good choice for investors seeking consistent returns in volatile market conditions.

The issuance aims to raise funds for investment, debt repayments, boosting liquidity, and enhancing company potential and competitiveness in line with its strategic plan.

"The company aims to invest in projects, such as upgrading petroleum refining to the Euro 5 standard, transporting fuel via pipelines, dredging ports, increasing production of value-added products, and applying digital systems," he said.

"We expect the abovementioned projects to generate over Bt4.6 billion in revenue."

IRPC was still able to invest in line with its five-year (2020-24) plan and was prioritising investments to ensure it has sufficient liquidity and could meet customers’ needs during the current situation and in the future, said Noppadol.

IRPC operates a full range of petroleum and petrochemical businesses to meet customers' needs in industries such as electrical appliances, automotive, medical, and public health," he said. "IRPC also operates utility business, such as ports, oil depots, and power plants, which are important for the country's industry and economic development.

More information about IRPC's bonds can be found at the Securities & Exchange Commission (SEC)'s website, www.sec.or.th, or by contacting Krungthai Bank on (02) 111 1111, Kasikorn Bank on (02) 888-8888 ext 819, Siam Commercial Bank on (02) 777 6784, CIMB Thai Bank on (02) 626 7777, TMB Bank on 1558 ext 9, and Phatra Securities on (02) 305 9442.