Mr. Worapot Uchupaiboonwong Managing Director of Xayaburi Power Company Limited or Xayaburi Hydroelectric Power Plant (XPCL), a joint venture of CK Power Public Company Limited (CKP), one of the largest producers of electricity from renewable energy in Region revealed that the offering of environmental conservation bonds denominated in baht (Green Bond) No. 1/2023 with the name of shareholder specified. Unsubordinated, unsecured, and with bondholder representatives on October 20, 24, and 25 were highly successful. which 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.
This bond offering of XPCL has 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 portion. Reserve for additional sales (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.
XPCL’s green bonds have received a credit rating of BBB+ from TRIS Ratings Company Limited. This time the bonds are offered for sale. It is an offering to institutional investors and/or large investors. with Bangkok Bank Public Company Limited, Siam Commercial Bank Public Company Limited, Krung Thai Bank Public Company Limited, securities companies Kiatnakin Phatra Public Company Limited and Krungthai Xspring Securities Company Limited act as underwriters for the bonds.
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 the results of operations according to the organization’s vision framework that aims to “Clean energy towards a low-carbon society” which is in line with driving the region’s sustainable energy transition.
XPCL is an associate company of CKP that holds 42.5% of the shares. Buri 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 is clean energy that preserves the environment. Can help reduce CO2 emissions by approximately 3.7 million tonnes of carbon dioxide equivalent per year (tCO2e).
2023-10-30 04:44:24
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