Mr. Chawalit Tippawanich, Chief Executive Officer and President IRPC Public Company Limited (IRPC) revealed that IRPC is preparing to issue and offer debentures. Unsubordinated, unsecured, and has 5 bond holders’ representatives for general investors. institutional investors and/or high net worth investors, consisting of 5-year debentures offered for sale to general investors Interest rates are 3.10% per annum and debentures for 4 years, 7 years, 10 years and 12 years are offered to institutional investors and/or high net worth investors. The 7-year bond is an environmental bond or green bond, which IRPC will determine the interest rate and issuance value of the remaining four debentures in early May. All debentures are due to pay interest every 6 months throughout the term of the debentures. It is expected to open subscriptions between 17-19 May through eight financial institutions, including Bangkok Bank. Bank of Ayudhya Krung Thai Bank Kasikorn Bank Siam Commercial Bank CIMB Thai Bank, TMB Bank Thanachart and Kiatnakin Phatra Securities
Funds from the issuance and initial offering of Green Bond Debentures/Debentures will be invested by IRPC in accordance with the new strategy. Expansion of conservation investment results, such as the extension of the Floating Solar project in accordance with the accepted standardized green bond issuance guidelines. and/or repay the original debt and loans that are due
The overall performance of IRPC in the first half of 2022 is expected to remain at a high level close to the previous half. The supporting factors are stock gains and higher petroleum product spreads. as a result of the sharp increase in crude oil prices. amid the conflict between Russia and Ukraine While petrochemical spreads have softened slightly from the end of 2021, IRPC bonds are another option for investors in this highly volatile market environment. due to consistent returns and was rated at A-(tha) by Fitch Ratings (Thailand) Co., Ltd. in March 65.
The special feature of the 5-year debentures offered to investors this time is Investors can subscribe for debentures through a variety of channels. whether it is a branch or online channels of the bond underwriters that provide services It has also added options in the form of digital bonds for investors to hold shares through wallets. Scripless Bond and can be traded in real time 24 hours through the application “Bao Tang”, investors can see the holding information on the “wallet” immediately and can make purchases. /Selling debentures in the secondary market via “wallet”
General investors interested in subscribing to IRPC debentures can subscribe for a minimum of 100,000 baht and a multiple of 100,000 baht through Bangkok Bank. Bank of Ayudhya Kasikorn Bank Siam Commercial Bank CIMB Thai Bank, TMB Bank, Thanachart Bank and Kiatnakin Phatra Securities Subscription for digital bonds Able to subscribe for a minimum of 1,000 baht and multiply with 1,000 baht through the debenture trading wallet on the Krung Thai Bank application ‘Pao Tang’.