2023-08-29 14:37:00
Tuesday, August 29, 2023, 9:37 p.m.
EP issued 2 new debentures with a credit limit of 1,490 million baht.
raising interest rates of 6.05-6.7%, expecting to open for reservations 22-26 Sept.
Ready to press the switch COD Wind Farm Vietnam 160 MW Quarter 3-4
The Securities and Exchange Commission (SEC) counted one filing for the sale of 2 sets of debentures of Eastern Power Group Public Company Limited (EP) No. 2/2023, valued not exceeding 1,490 million baht, including the 1st series, 1 year and 3 months, returns 6.05 – 6.25% per year, and the 2nd series, 2 years and 6 months, raises a return of 6.5-6.7%, is expected to open for reservations between 22-26 September. This raises funds to repay the existing debentures due and to be working capital. Investors can be confident that interest payments are complete and on schedule every time. On the side of the executive, “Yut Chinsuphakul” reveals that he is ready to start operating the power supply for the 160 MW wind power plant in Vietnam by the third quarter of 2023, expecting to drive total revenue this year. grow more than 50%
Mr. Yuth Chinsupakul, Executive Chairman of Eastern Power Group Public Company Limited (EP), revealed that the company is preparing to issue 2 new debentures with a total amount of not more than 1,490 million baht, namely the first tranche of debentures. Year 3 months, not over 990 million baht, yield 6.05 – 6.25% and the second series of debentures, 2 years 6 months, not over 500 million baht, yield 6.5-6.7%, offered to institutional investors and/or large investors Which is expected to open for reservations between 22-26 Sept.
For the purpose of issuing debentures this time, the Company prepares to use the proceeds for repayment of debentures that will mature in the amount of 770 million baht and for repayment of personal/financial institution loans of 500 million baht, and the remaining approximately 220 million baht will be used. as working capital in the company
“The Company is confident that the offering of these 2 new debentures will be well received by investors as usual. All debentures issued by EP in the past were able to pay full interest rates. and meets all specifications It emphasizes the potential of the company’s financial liquidity management. who is strong and brings that money
The proceeds from this fundraising can be used properly according to the objectives. as well as being able to expand investments to drive performance to grow continuously Generate good returns for shareholders in the long term,” said Mr. Yuth.
For the business overview in 2023, the company still targets revenue growth of more than 50% because the company Continue to expand the portfolio of power plants both in Thailand and abroad. Within the third and fourth quarters of this year, the Company will operate the commercial operation system (COD) of a 160 megawatt (MW) wind farm in Vietnam. The investment value is approximately 223.10 million US dollars or approximately 7,040.92 million baht.
Both of these debentures will be offered through Leading securities companies include Yuanta Securities (Thailand) Company Limited, Dao Securities (Thailand) Public Company Limited, Maybank Securities (Thailand) Public Company Limited, Kingsford Securities Public Company Limited. ), Blue Bell Securities Company Limited and Liberator Securities Company Limited, Phillip Securities (Thailand) Public Company Limited, UOB Kay Hian Securities (Thailand) Public Company Limited.
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