TPI Polene Power Public Company Limited or TPIPP is offering two tranches of corporate bonds no. 1/2023 with a total offer value not exceeding 6,000 million baht, namely: Series 1 Notes, Offer Amount Not To Exceed 3,000 Million Baht Due 2026 Duration 3 years and 6 months with a fixed rate of 4.15% per annum payable every 3 months for the entire life of the bond. and payment of final interest on the maturity date of the bonds
The second set of bonds, the amount offered for sale does not exceed 3,000 million baht. Maturity in 2028, duration 5 years and fixed interest rate of 4.60% per annum payable every 3 months for the entire life of the bond. and final interest payments on the maturity date of the bonds. It is offered for sale in the general case to general investors and institutional investors. Between 11-13 and 16-17 January 2023
For the bonds credit rating “BBB+” with “Positive” outlook by TRIS Rating Co., Ltd. on December 9, 2022, with a general underwriter of the bonds offered for sale. to general investors and/or institutional investors (including major investors) including CIMB Thai Bank, Asia Plus Securities, Krung Thai X Spring Securities, Yuanta Securities (Thailand), Maybank Securities (Thailand), Nomura Securities, Patanasin, Dao Securities (Thailand ), Pai Securities, KGI Securities (Thailand), UOB Kay Hian Securities (Thailand), Finansia Syrus Securities, Globlex Securities, Phillip Securities (Thailand) and CGS-CIMB Securities (Thailand) As far as subscribers are concerned, the bonds are only offered to institutional investors and/or high net worth investors. it is Thanachart Bank of Thailand
The company will invest in the company’s machinery and equipment to improve the TG7 power station in the amount of 1,014 million baht by the year 23, to invest in the company’s machinery and equipment to improve the TG8 power station to an amount of 4,026 million baht by the year 25, to invest in machinery and equipment of the company to improve other boilers to be more efficient in the amount of 699 million baht by the year 23 and used as working capital. in corporate affairs in the amount of 261 million baht by the year 23
