
On 7 August 2025, Bangchak Corporation Public Company Limited successfully issued and offered unsubordinated and unsecured debentures with a debenture holder representative (Series 2/2025) to institutional and/or high-net-worth investors. The offering received an overwhelming response, with subscriptions amounting to more than four times the offered value. Proceeds from the issuance will be used to refinance existing debt as part of Bangchak's strategic capital structure optimization and efforts to enhance financial efficiency.
The issuance comprises five tranches with maturities ranging from 3 to 12 years, averaging 6.5 years, and carrying an average interest rate of 2.4%, with a total issuance value of THB 8 billion. The strong investor demand reinforces confidence in Bangchak's financial position and long-term growth potential as a key player in Thailand's energy sector.
Ms. Phatpuree Chinkulkitinivat, Chief Financial Officer and Senior Executive Vice President, Accounting and Finance, Bangchak Corporation, said, "Bangchak sincerely thanks all investors for their trust and confidence in our bond issuance, as well as the lead arrangers whose support was instrumental to the success of this offering. We believe the strong investor demand reflects confidence in Bangchak Group's performance and its ability to deliver long-term growth. It also highlights investor trust in our strategic directiondriving the sustainable energy transition while ensuring energy security for the nation."
Each tranche of the bonds has been assigned a credit rating of "A+" with a "Stable" outlook by TRIS Rating Co., Ltd., as of 25 July 2025. This affirms the company's financial robustness and long-term stability. Bangkok Bank Public Company Limited, Kasikornbank Public Company Limited, and Bank of Ayudhya Public Company Limited jointly managed the bond issuance.