'BANPU' Issues Rating A+ Debentures in 3 Tranches with Coupon Rate of 3.26 - 4.20% per Annum for Public Offering between September 14 - 16, and 19, 2022 through 4 Leading Financial Institutions

Stocks News Thursday September 1, 2022 10:53 —PRESS RELEASE LOCAL

'BANPU' Issues Rating A+ Debentures in 3 Tranches with Coupon Rate of 3.26 - 4.20% per Annum for Public Offering between September 14 - 16, and 19, 2022  through 4 Leading Financial Institutions

Mrs. Somruedee Chaimongkol, Chief Executive Officer of Banpu Public Company Limited, said "The Debentures are senior unsecured debentures with debenture holders' representatives. The Company and the Debentures are rated A+ by Tris Rating Co., Ltd., on August 1, 2022, with a "Stable" outlook. The investment grade rating reflects Banpu's leadership in energy industry and its readiness for growth expansion to offer Smarter Energy for Sustainability under its business transformation following Greener & Smarter strategy. The rating also signifies the Company's ability to strongly maintain its financial discipline and cash flow management."

The Company is confident that the returns on investment of the Debentures together with the debenture's rating at A+ will be good alternative investment in that offering satisfactory returns with acceptable risks. Meanwhile, the Company also posted strong operating results with the profit realized from gas business acquisition in the US and additional power generation assets. In Q2/2022, the Company's net profit was at USD 372 million (equivalent to THB 12,789 million), accounting for 786% increase from the same period last year, and rose by 20% compared to Q1/2022. The earnings before interest, tax, depreciation, and amortization (EBITDA) totaled USD 948 million, an increase by 59% from Q1/2022. While the Company's 6-month operating results 2022 posted the net profit of USD 682 million (equivalent to THB 23,053 million), an increase of 634% from the same period last year.

Banpu as an international versatile energy provider determines to establish its growth through 3 core groups of businesses; Energy Resources, Energy Generation, and Energy Technology in 10 countries, namely, Thailand, Indonesia, China, Australia, Laos PDR, Mongolia, Singapore, Japan, the United States of America, and Vietnam. Following its business operation with adherence to the ESG principle, in 2022, Banpu was awarded a sustainability rating of A (on a scale AAA-CCC criteria) from ESG Ratings by MSCI which is an agency with expertise and credibility in the international ESG index. The Company has also maintained its recognition as "Gold Class" in Coal & Consumable Fuels sector for the eighth consecutive year in the S&P Global Sustainability Yearbook 2022. These recognitions reflect Banpu's outstanding sustainability performance compared to other international companies in the same industry.

Investors can subscribe for the debentures through branches, online system and mobile applications of the 4 financial institutions. For more information on BANPU's debentures, please visit www.sec.or.th. or contact 4 financial institutions as follows:

  • Bangkok Bank Public Company Limited, except microbranches, Tel. 1333 or subscribe via Bualuang mBanking
  • Krungthai Bank Public Company Limited, Tel. 02-111-1111 or subscribe via online application Krungthai Next or visit Money Connect by Krungthai (https://moneyconnect.krungthai.com/)
  • TMBThanachart Bank Public Company Limited, Tel.1428 press #4
  • Kiatnakin Phatra Securities Public Company Limited (including Kiatnakin Phatra Bank Public Company Limited, as the selling unit of Kiatnakin Phatra Securities Public Company Limited), Tel. 02-165-5555

Remark:
The allocation of the debenture is based on the consideration of the underwriters. Distribution terms are described in the prospectus.

Disclaimer:
Investors should carefully read the information about the nature and conditions of the bonds, as well as its returns, and risks before making an investment decision. There are risks in investment, investors should study the information in the draft prospectus before making and investment decision. The investors can study the details from the filing form and draft prospectus as follows:

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