Bangkok--Jul 14--Ratchaburi Electricity
Ratchaburi Electricity Generating Company Limited, a subsidiary of Ratchaburi Electricity Generating Holding Public Company Limited, announces the interest rate of the Secured Amortizing Debentures worth of 10 billion baht after completion of book building follow from the roadshows to investors in order to attain the appropriate value of the interest rates as follows;
The Series 1 three-year maturity debentures worth 7 billion baht with the face value of 1,000 baht per unit that the company disseminates half to institutional investors has been successfully welcome with over double subscription. The debentures bear a fixed interest rate of 3.67 % per annum. Interest and principal repayment will be made every three month, and the first payment will be in September 30, 2005.
The Series 2 five-year maturity debentures with total worth 3 billion baht with the face value of 1,000 baht per unit that the company disseminates two-third to institutional investors has had a good turn out with over 1.5 times for subscription. The debentures carry a fixed interest rate at 3.67 % per annum for the 1st — 2nd year with quarterly interest payment basis and a float interest rate of MLR —2% for the rest of 3rd — 5th year. Interest and principal repayment will be made every three months, the first payment will be in September 30, 2005.
All two Series of the debentures issuance will be initially offered to general public during July 26-28, 2005 at Kasikorn Bank Public Company Limited (every branch in Bangkok and up country), Krungthai Bank Public
Company Limited and Thai Military Bank Public Company Limited (every branch in Bangkok and metropolitan areas), and Bank of Ayudhya Public Company Limited (every branch in Bangkok and metropolitan areas and 30 branches in up country). In addition, the subscription form and prospectus of the debenture issuance are available for interested investors no later than July 26-28, 2005. For the further information please contact at 4 banks as stated.
Recently, TRIS Rating Co., Ltd. (TRIS) assigns the ratings of “AA” on two proposed senior secured debentures of Ratchaburi Electricity Generating Company Limited. At the same time, the company rating of Ratchaburi Electricity Generating Company Limited remains at “AA”. This reflects the company’s stable cash flow from its well-designed project structures, state-of-the-art power plants, the operator’s long experience in the power sector and the company’s proven record of managing its power plant operations. The rating also takes into consideration the operational risk of the power plants and the uncertainty about planned deregulation of the power industry.
Learn more about Ratchaburi Holding, visit our web site at www.ratch.co.th
Information for media contact:
Charusuda Boonkerd / Wiwan Phayakvichien
Public Relations Department
Ratchaburi Electricity Generating Holding PCL.
Tel. 0 2978 5061-3 Fax 0 2937 9321
Email: [email protected] , [email protected] End.