CKPower's new THB 5 billion green bonds achieved overwhelming success, attracting substantial oversubscription

Mr. Thanawat Trivisvavet, Managing Director of CK Power Public Company Limited or CKPower (SET: CKP), one of the region's largest producers of electricity from renewables with one of the lowest carbon footprints, announced today of the highly successful offering of its green bonds. The issuance, conducted on June 5, 6, and 9, consisted of four tranches of unsubordinated and unsecured green bonds with a bondholders' representative, amounting to THB 5 billion. The offering was notably oversubscribed, underscoring robust investors' confidence in CKPower's strong financial position, commitment to good corporate governance, and clear vision to advance the clean energy transition, while promoting sustainable development throughout its entire supply chain.

Proceeds from this green bond issuance will primarily be allocated to the investment in the Company's Luang Prabang Hydroelectric Power Project, which is currently under construction. The remaining proceeds will be used to repay promissory notes (P/N) associated with the investment in the Xayaburi Hydroelectric Power Plant. The bonds are issued in four tranches as follows:

• Tranche 1: THB 1 billion 3-year tenure with fixed interest rate of 3.15% per annum;
• Tranche 2: THB 1 billion 4-year tenure with fixed interest rate of 3.30% per annum;
• Tranche 3: THB 1 billion 5-year tenure with fixed interest rate of 3.45% per annum and
• Tranche 4: THB 2 billion 10-year tenure with fixed interest rate of 3.90% per annum and the issuer's right to early redemption.

"We extend our sincere gratitude to all investors for their trust and confidence in our bonds and our operations, which are underpinned by an efficient management team, a strong financial foundation, and an unwavering commitment to social and environmental responsibility. We would also like to express our appreciation to the lead arrangers for their instrumental role in ensuring the success of this bond issuance" said Mr. Thanawat.

All four tranches have been assigned an "A-" credit rating with a "stable" outlook by TRIS Rating, consistent with CKPower's corporate credit rating. In addition, the bonds are classified as green bonds in accordance with the Green Bond Principles 2021, the Green Loan Principles 2025, and the Thailand Taxonomy 2023.The issuance has been independently reviewed and verified by DNV, a world-leading certification body, serving as the independent external reviewer. The offering was targeted at institutional investors (excluding individuals and/or high-net-worth investors), with Bangkok Bank Public Company Limited, Krungthai Bank Public Company Limited, CIMB Thai Bank Public Company Limited, TMBThanachart Bank Public Company Limited, Siam Commercial Bank Public Company Limited, and Kiatnakin Phatra Securities Public Company Limited serving as joint lead arrangers.

Mr. Thanawat added, "In 2024, CKPower Group's renewable energy power plants supplied over 8.8 million megawatt-hour (MWh) of renewable electricity to Thailand, accounting for approximately 16% of the nation's total renewable electricity consumption. In the past year, the Company also helped avoid approximately 4.4 million tonnes of carbon dioxide equivalent (tCO?e) in greenhouse gas emissions. CKPower remains committed to expanding its renewable energy portfolio, with a particular focus on hydropower and solar power, and seeks to create more opportunities in green finance, such as the sale of renewable energy certificates (RECs), while also promoting innovation to reduce energy consumption and enhance power generation efficiency. At the same time, we continue to foster energy conservation throughout our value chain and take concrete steps to achieve our long-term goal of net-zero greenhouse gas emissions by 2050."

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