Home Business AGE issues 800 million baht debentures, ready for sale 23-25 ​​November

AGE issues 800 million baht debentures, ready for sale 23-25 ​​November

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AGE issues 800 million baht debentures, ready for sale 23-25 ​​November

Date 27 Oct 2021 time 21:56

Asia Green Energy Public Company Limited (AGE) plans to sell debentures up to 800 million baht, interest rate 6.50%, maturity 2 years on November 23-25.

Mr. Phanom Kuansataporn, Chairman of the Executive Committee, Asia Green Energy PCL. (AGE), a distributor of bituminous coal (clean coal) and integrated logistics service provider (Water-land transportation-port-warehouse) revealed that the company filed a registration statement with the Office of the Securities and Exchange Commission (SEC) on October 19, 2021 for issuing and offering the debentures No. 1/21, which is the debentures in the name of the holders. Unsubordinated, unsecured, debenture holder representative and the debenture issuer has the right to redeem the debentures before the maturity date.

The Company will offer to institutional investors and/or high net worth investors. through KTBST Securities Public Company Limited and Globlex Securities Company Limited between 23-25 ​​November 2021 with a total issued and offered value of not more than 800 million baht. 6.50% interest for 2 years to use as working capital and/or used to expand the company’s business in the future

TRIS Rating Co., Ltd. has rated AGE’s debentures at “BB+”. The “stable” outlook on October 1, 2021 reflects the company’s long-standing market position in the coal trading business in Thailand. as well as competitive advantages from having various facilities in the coal trading business and the company’s logistics management capabilities

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