2023-10-30 06:00:00
Xayaburi Power is pleased with the number of subscriptions for environmental conservation bonds worth 3,500 million baht, exceeding the offering limit. Reinforce confidence in the business Aiming to drive towards a low carbon society
Mr. Worapot Uchupaiboonwong Managing Director of Xayaburi Power Company Limited or Xayaburi Hydroelectric Power Plant or Green Bond No. 1/2023, shareholder name type specified Unsubordinated, unsecured, and with bondholder representatives on October 20, 24, and 25 were highly successful.
This expresses investor confidence in the company. Including reinforcing the business of producing clean power to create stability for Thailand. and help drive the transition to renewable energy in the future.
However, the company would like to thank institutional and large investors for their trust and confidence in the bonds and the company’s strong business operations, which have attracted interest until the number of reservations exceeded the offering limit. We also thank the bond underwriters for being a part of our success.
The company will use the proceeds from this bond issuance to repay the loan which has a floating interest rate. To reduce the risk of loan interest rate fluctuations. and reduce financial costs To stabilize the financial status of XPCL and use it as working capital and investment for the company. To expand operating results according to the organization’s vision framework that aims to focus on clean energy towards a low-carbon society. This is in line with driving forward the important sustainable energy transition of the region.
By this bond offering of XPCL, there are institutional investors and large investors interested in reserving the said bonds, totaling 3,500 million baht, of which 2,000 million baht is reserved in the amount open for reservation, and there are additional reservations in the section. Additional reserve for offering for sale (Greenshoe) another 1,500 million baht
For this issuance of bonds, there are 3 tranches, consisting of:
The first series of bonds has a term of 3 years, due for redemption in October 2026, with a fixed interest rate of 5.15 percent per annum.
The second set of bonds has a term of 4 years, due for redemption in October 2027, a fixed interest rate of 5.30 percent per annum and
The third series of bonds has a term of 5 years, due for redemption in October 2028, with a fixed interest rate of 5.55 percent per annum.
XPCL’s bonds meet the Green Bond Principles 2021 and ASEAN Green Bond Standards 2018 standards and have been reviewed by the world’s leading certifying organization DNV as an independent external reviewer.
In this regard, XPCL’s green bonds have received a credit rating of BBB+ from TRIS Rating Company Limited. This time the bonds are offered for sale. It is an offering to institutional investors. Major investors with Bangkok Bank, Siam Commercial Bank, Krung Thai Bank, Kiatnakin Phatra Securities and Krungthai Xspring Securities serving as underwriters for the bonds.
As for XPCL, it is a joint company of CKPower that holds 42.5 percent of the shares. Yaburi has an installed production capacity of 1,285 megawatts, of which almost all the electricity produced is sold to the Electricity Generating Authority of Thailand (EGAT) with a concession period of 31 years, starting from the commercial operation date on October 29. 2019
XPCL produces electricity from hydropower approximately 7,400 million units per year (GWh/Year), which is classified as renewable energy (Renewable Energy) and clean energy that preserves the environment. Can help reduce CO2 emissions by approximately 3.7 million tons of carbon dioxide equivalent per year (tCO2e).
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