RATCH Issues ฿8Bn Green Debentures for Future Investment and Repayment Funding

RATCH Group Public Company Limited (RATCH) stated that in reference to the resolution of the 2018 Annual General Meeting held on 5 April 2018 that approved the issuance and offering of debentures by the Company in an amount of not exceeding Baht 15,000 million or equivalent in any foreign currency.

 

RATCH announced that the company will issue the first debentures in accordance with such resolution on 4 November 2020. The debentures will be the Green Debentures No.1/2563 in the total amount of Baht 8,000 million. The debentures are under Baht 15,000 million Medium Term Note Program approved by the Securities and Exchange Commission on 21 October 2020. The summarized details are enclosed herewith.

The debentures will be offered to Institutional Investors and high net worth investors, divided into four trenches for 3 years, 5 years, 10 years and 15 years with a coupon rate of 1.32% p.a., 1.76% p.a., 2.61% p.a. and 2.94% p.a., respectively.

The issuer will pay interest every 6 months on 4 May and 4 November each year, commencing on 4 May 2021 until the last interest payment date on the maturity date of each debenture.

 

The proceedings will be used for investment and/or repayment of existing loans and/or internal fund repayment (in whole or in part) of the new or existing green eligible projects of RATCH and the group companies, in alignment with RATCH’s Green Financial Framework, including renewable energy projects, wind power projects, and clean transportation project e.g. Pink and Yellow Line Monorail.