BSRC's THB 8 Billion Debenture Issue Oversubscribed, Reflecting Strong Investor Confidence

Mr. Anuwat Rungruangrattanagul, Director, Acting Chief Executive Officer, and Senior Executive Vice President of Refinery & Operations of Bangchak Sriracha Public Company Limited stated, "We are immensely grateful to our investors for their support and the confidence they have placed in us, which has made this debenture issue a success. This reflects trust in BSRC's vision, strategies, and performance, as evidenced by the success of BSRC's synergy with Bangchak Group over the past year."

On 31 January 2025, BSRC offered and issued unsubordinated and unsecured debentures with a debenture holders' representative in the total par value of THB 8 billion, comprising three tranches as follows.

1. Tranche 1: 3-year tenor with a discount rate of 2.85% p.a. (zero coupon bond with no interest payment)
2. Tranche 2: 5-year tenor with an interest rate of 3.34% p.a.
3. Tranche 3: 10-year tenor with an interest rate of 3.75% p.a.

These debentures were offered to institutional investors and/ or high net worth (excluding individual), jointly arranged by TMBThanachart Bank, Siam Commercial Bank, UOB Bank, and Government Savings Bank.

This marks BSRC's second debenture issuance, following its highly successful inaugural debenture issuance in July 2024. The latest debentures have been assigned a credit rating of "A+" with a "stable" outlook by TRIS Rating on 28 November 2024, reflecting the Company's robust financial and business position.

Mr. Anuwat further explained, "The Company will use the proceeds from this debenture offering to repay undue financial institution debts. Additionally, the Company will continue to pursue its sustainable growth strategies. The success of BSRC's debenture issuance in both 2024 and 2025 further strengthens our confidence in delivering sustainable business returns to investors while contributing to a sustainable future for society in all dimensions."

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