Banpu to lure investors via three debenture tranches
published : 20 Jul 2021 at 04:00
newspaper section: Business
Banpu Plc, a leading international energy provider, says it will offer three tranches of debentures to general investors on July 30 and again on Aug 2-3 through four leading financial institutions.
The indicative interest rates are 2.9%, 3.3%, and 3.80% for the 5-year, 7-year, and 10-year debentures, respectively. The interest will be paid every six months.
Underwriters said that investors are confident in Banpu's growth potential in integrated energy businesses, which are moving to deliver smarter energy for sustainability under a greener and smarter strategy.
Tris Rating has assigned Banpu and its debentures a rating of A+ with a stable outlook.
Somruedee Chaimongkol, chief executive of Banpu, said the firm is preparing to offer unsubordinated and unsecured debentures with a debenture holders' representative in the name-registered certificate to general investors on July 30 and Aug 2-3.
The debentures will be offered through four underwriters -- Bangkok Bank, Krungthai Bank, CIMB Bank (Thailand), and Kiatnakin Phatra Securities via regular branches and online systems or mobile applications.
"Banpu and our underwriters are confident that the offering of these debentures will attract investors who trust our business potential and plan to invest in assets that yield a high return at acceptable time and risk," Mrs Somruedee said.
Moreover, the A+ credit rating is a major factor boosting investor confidence in the company's overall strength and capacity to maintain strong financial discipline and effectively manage cash.
Another factor that appeals to investors is the fact that Banpu operates an integrated energy business across Asia-Pacific.
"We are committed to expanding our business to serve future energy trends, especially eco-friendly energy. Our business model helps reinforce investor confidence," she said.