Post by account_disabled on Jan 2, 2024 6:39:58 GMT
B.Grimm Power, Thailand's leading private sector power producer Preparing to offer subordinated bonds to strengthen Prepare to develop power plants both domestically and abroad. Submit filing with the SEC to offer subordinated debentures similar to equity. to general investors The total offering value is 6 billion baht, with a reserve offering of 2 billion baht. The bonds are rated BBB+ by TRIS Ratings. While the corporate rating is at 'A' with a 'stable' outlook, expected to be offered for sale between 19 - 21 Nov., paying interest at 5.00% per annum for the first 5 years, along with appointing Bangkok Bank, Krung Thai Bank, etc. Kasikorn Bank, Siam Commercial Bank, Phatra Securities and Asia Plus Securities are the underwriters. Mrs. Preeyanart Sunthornwata, Chief Executive Officer of B.Grimm Power Public Company Limited (or BGRIM), a leading private sector power producer. of Thailand revealed that the company is in the process of submitting a registration statement (filing) to the SEC Office to request permission to issue and offer subordinated capital bonds to general investors. The target is to offer a total of 6 billion baht with a reserve offering of no more than 2 billion baht. It is expected that subscriptions will open between 19 - 21 November.
The reason for issuing subordinated debentures that are similar to equity bonds. This time is to strengthen the financial structure of the company To be consistent with and support the company's sustainable growth plan in the future, since the company was listed on the stock exchange in 2017, the company has always been able to exceed its goals. We have expanded various types of power plants both domestically and abroad. "In 2017, when we listed the company on the stock exchange, We have 30 projects that are already in operation as well as Telegram Number Data projects under construction and development, with a total production capacity of 1,646 megawatts. In the past 2 years, We have clearly proven the company's growth potential in the region. By expanding investment in various types of power plants both domestically and abroad Whether it is investing in two solar power plant projects in Vietnam, with sizes of 257 megawatts and 420 megawatts, which is considered the largest solar power plant project in the ASEAN region. Including hydropower plants in Lao PDR, the company currently has 45 power plants in operation with a total capacity of 2,892 megawatts and is studying investment opportunities in South Korea, Malaysia, Cambodia and the Philippines. to seek interesting investment opportunities with appropriate returns in the future," said the CEO of BGRIM . B.Grimm Power (BGRIM) is one of the main businesses under the B.Grimm Group, which has operated business alongside Thailand.
It has been around for more than 140 years and has been a pioneer in many areas of infrastructure investment. Including being the first pioneer of the private power producer business in Thailand under BGRIM, which has been in the electricity business for more than 20 years, currently BGRIM has approximately 75% of its production capacity coming from power plant projects in the country and approximately 75% abroad. 25%. The company aims to expand production capacity to 5,000 megawatts by 2022 from the current total power plant projects, including 56 projects under construction and development, with a total production capacity of 3,245 megawatts, which will be gradually opened. To be commercially operated within 2025. As for BGRIM's strengths, in addition to being an electricity production business, which is an infrastructure that is necessary for both the lives of citizens and the business sector, The company's business is still considered to have stable cash flow. From entering into long-term electricity sales contracts of 20-25 years with EGAT, PEA, MEA, Lao Electricity Authority, and Vietnam Electricity Authority. Including electricity and steam sales contracts with factories in 6 leading industrial estates in Thailand, which have contract periods of approximately 10 - 15 years, which is a highlight. including experience and expertise in power plant project management As a result, the company received an 'A' rating with a 'stable' outlook from TRIS Ratings and subordinated capital bonds received a 'BBB+' rating.
The reason for issuing subordinated debentures that are similar to equity bonds. This time is to strengthen the financial structure of the company To be consistent with and support the company's sustainable growth plan in the future, since the company was listed on the stock exchange in 2017, the company has always been able to exceed its goals. We have expanded various types of power plants both domestically and abroad. "In 2017, when we listed the company on the stock exchange, We have 30 projects that are already in operation as well as Telegram Number Data projects under construction and development, with a total production capacity of 1,646 megawatts. In the past 2 years, We have clearly proven the company's growth potential in the region. By expanding investment in various types of power plants both domestically and abroad Whether it is investing in two solar power plant projects in Vietnam, with sizes of 257 megawatts and 420 megawatts, which is considered the largest solar power plant project in the ASEAN region. Including hydropower plants in Lao PDR, the company currently has 45 power plants in operation with a total capacity of 2,892 megawatts and is studying investment opportunities in South Korea, Malaysia, Cambodia and the Philippines. to seek interesting investment opportunities with appropriate returns in the future," said the CEO of BGRIM . B.Grimm Power (BGRIM) is one of the main businesses under the B.Grimm Group, which has operated business alongside Thailand.
It has been around for more than 140 years and has been a pioneer in many areas of infrastructure investment. Including being the first pioneer of the private power producer business in Thailand under BGRIM, which has been in the electricity business for more than 20 years, currently BGRIM has approximately 75% of its production capacity coming from power plant projects in the country and approximately 75% abroad. 25%. The company aims to expand production capacity to 5,000 megawatts by 2022 from the current total power plant projects, including 56 projects under construction and development, with a total production capacity of 3,245 megawatts, which will be gradually opened. To be commercially operated within 2025. As for BGRIM's strengths, in addition to being an electricity production business, which is an infrastructure that is necessary for both the lives of citizens and the business sector, The company's business is still considered to have stable cash flow. From entering into long-term electricity sales contracts of 20-25 years with EGAT, PEA, MEA, Lao Electricity Authority, and Vietnam Electricity Authority. Including electricity and steam sales contracts with factories in 6 leading industrial estates in Thailand, which have contract periods of approximately 10 - 15 years, which is a highlight. including experience and expertise in power plant project management As a result, the company received an 'A' rating with a 'stable' outlook from TRIS Ratings and subordinated capital bonds received a 'BBB+' rating.