Post by account_disabled on Jan 2, 2024 0:08:42 GMT -5
B.Grimm Power submits SEC filing to offer subordinated debentures similar to equity to general investors. The total offering value is 6,000 million baht, with a reserve offering of 2,000 million baht to strengthen the financial strength of the business. Supports the expansion of power plants both domestically and abroad. Expected to be offered for sale between 19 - 21 November. Mrs. Preeyanart Sunthornwata, Chief Executive Officer of B.Grimm Power Public Company Limited (or BGRIM), revealed that the company is in the process of submitting a registration statement (filing) to the SEC Office to request permission to issue. and offering subordinated debentures that are similar to capital to general investors. The target is to offer a total of 6 billion baht with a reserve offering of no more than 2 billion baht. Subscriptions are expected to open between 19 - 21 November. The bonds are rated BBB+ by TRIS Ratings, while the rating The organization is at 'A' with a 'stable' outlook, paying interest at 5.00% per year for the first 5 years, along with appointing Bangkok Bank,
Krung Thai Bank, Kasikorn Bank, Siam Commercial Bank, Phatra Securities and Asia Plus Securities as Underwriter The reason for issuing subordinated debentures similar to capital this time is to strengthen the financial structure of the company To be consistent with and support the company's sustainable growth plan in the future, since the company was listed on the stock exchange in 2017, the company has always been able to exceed its goals. We have expanded various types of power Telegram Number Data plants both domestically and abroad. BGRIM was listed on the Stock Exchange in 2017. At that time, there were already projects in operation. Including projects under construction and development, a total of 30 projects with a total production capacity of 1,646 megawatts, but currently the company has power plants that are in operation has increased to 45 projects with a total production capacity of 2,892 megawatts. And if including the power plant projects that Also under construction and development. There will be a total of 56 projects with a total production capacity of 3,245 megawatts and the company aims to expand the production capacity to 5,000 megawatts by 2022.
“We have clearly proven the company's growth potential in the region. By expanding investment in various types of power plants both domestically and abroad Whether it is investing in two solar power plant projects in Vietnam, with sizes of 257 megawatts and 420 megawatts, which is considered the largest solar power plant project in the ASEAN region. Including a hydroelectric power plant in Lao PDR and is studying investment opportunities in South Korea, Malaysia, Cambodia and the Philippines. To seek interesting investment opportunities with appropriate returns in the future,” said BGRIM Chief Executive Officer. BGRIM currently has approximately 75% of its production capacity coming from power plant projects in the country and approximately 25% abroad. The company's business is considered to have stable cash flow. From a long-term 20-25 year electricity sales contract with the Electricity Generating Authority of Thailand (EGAT), the Provincial Electricity Authority (PEA), the Metropolitan Electricity Authority (MEA), as well as the Lao Electricity Authority. and Vietnam Electricity In addition, there are contracts to sell electricity and steam with factories in 6 leading industrial estates in Thailand, which have contract periods of approximately 10 - 15 years, which is a highlight. Plus experience and expertise in power plant project management. As a result, the company received a rating of 'A' with a 'stable' outlook from TRIS Ratings and subordinated capital bonds received a rating of 'BBB+'.
Krung Thai Bank, Kasikorn Bank, Siam Commercial Bank, Phatra Securities and Asia Plus Securities as Underwriter The reason for issuing subordinated debentures similar to capital this time is to strengthen the financial structure of the company To be consistent with and support the company's sustainable growth plan in the future, since the company was listed on the stock exchange in 2017, the company has always been able to exceed its goals. We have expanded various types of power Telegram Number Data plants both domestically and abroad. BGRIM was listed on the Stock Exchange in 2017. At that time, there were already projects in operation. Including projects under construction and development, a total of 30 projects with a total production capacity of 1,646 megawatts, but currently the company has power plants that are in operation has increased to 45 projects with a total production capacity of 2,892 megawatts. And if including the power plant projects that Also under construction and development. There will be a total of 56 projects with a total production capacity of 3,245 megawatts and the company aims to expand the production capacity to 5,000 megawatts by 2022.
“We have clearly proven the company's growth potential in the region. By expanding investment in various types of power plants both domestically and abroad Whether it is investing in two solar power plant projects in Vietnam, with sizes of 257 megawatts and 420 megawatts, which is considered the largest solar power plant project in the ASEAN region. Including a hydroelectric power plant in Lao PDR and is studying investment opportunities in South Korea, Malaysia, Cambodia and the Philippines. To seek interesting investment opportunities with appropriate returns in the future,” said BGRIM Chief Executive Officer. BGRIM currently has approximately 75% of its production capacity coming from power plant projects in the country and approximately 25% abroad. The company's business is considered to have stable cash flow. From a long-term 20-25 year electricity sales contract with the Electricity Generating Authority of Thailand (EGAT), the Provincial Electricity Authority (PEA), the Metropolitan Electricity Authority (MEA), as well as the Lao Electricity Authority. and Vietnam Electricity In addition, there are contracts to sell electricity and steam with factories in 6 leading industrial estates in Thailand, which have contract periods of approximately 10 - 15 years, which is a highlight. Plus experience and expertise in power plant project management. As a result, the company received a rating of 'A' with a 'stable' outlook from TRIS Ratings and subordinated capital bonds received a rating of 'BBB+'.