IVL Issues 3 Tranches of Debentures Worth ฿9Bn to Support Business Expansion-Refinancing

Indorama Ventures Public Company Limited (IVL) has announced that the company issued an unsubordinated and unsecured debentures offering to institutional and/or high net worth investors at a size of 9,000 million baht with an interest payment every six months.

 

The issuance divided into three tranche; 1) the “Debentures of Indorama Ventures No. 1/2563 Tranche 1 Due B.E. 2568” with a tenor of 5 years for a principal amount of Baht 4,000,000,000 with the fixed coupon rate of 2.78 per cent per annum; 2) the “Debentures of Indorama Ventures No. 1/2563 Tranche 2 Due B.E. 2570” with a tenor of 7 years for a principal amount of Baht 1,990,000,000 with the fixed coupon rate of 3.15 per cent per annum; and 3) the “Debentures of Indorama Ventures No. 1/2563 Tranche 3 Due B.E. 2573” with a tenor of 10 years for a principal amount of Baht 3,010,000,000 with the fixed coupon rate of 3.42 per cent per annum.

 

IVL stated that the issuance is to invest and/or use as working capital and/or support the business expansion of the issuer and/or to refinance the issuer’s existing debts on or prior to the relevant due date, which may include the repayment of loan to the underwriters on or prior to the relevant due date and/or the repayment of the debentures of the issuer on the maturity of such debentures.