BTSG delights investors to subscribe 1.67 times more Sustainability-Linked Bonds

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BTS Group Holdings Public Company Limited or BTS offers long-term sustainability debentures. Unsubordinated, uninsured, a total of 4 sets, not over 10 years old, for institutional investors and large investors Points out that the number of bookings exceeded the target of more than 1.67 times. Decided to sell more. The total offering value is 11 billion baht, with the debentures rated ‘A’ by TRIS Rating. Reinforcing sustainable business stance Commitment to environmental care

Mr. Surayut Thaweekulwat, Chief Financial Officer, BTS Group Holdings Public Company Limited, revealed that the Company has offered long-term sustainability debentures. Unsubordinated, unsecured, and 4 sets of bondholders’ representatives with a total offering value of 11 billion baht to institutional investors. and large investors Between April 29, May 3 and May 5, 2022, the offering has been very successful. with investors expressing their intention to invest more than 1.67 times the value of the debentures that the Company The goal of issuing debentures is at 8,000 million baht. Therefore, the company decided to issue additional bonds for sale in the amount of 3,000 million baht to meet the needs of investors. The debentures received a credit rating of A from TRIS Rating Co., Ltd. on March 10, 2022.

The four tranches of sustainability bonds offered for sale are: Series 1, 3-year bonds with maturity in 2025, fixed interest rates of 2.79% per annum, valued at no more than 700 million baht, and Series 2, 5-year bonds, maturity in 2027. Fixed interest rate 3.65% p.a. value not over 2,800 million baht, tranche 3 bond 7 years maturity 2029 fixed interest rate 4.05% p.a. value not over 3,800 million baht and tranche 4 debentures maturity 10 years. Redemption year 2032, fixed interest rate 4.40% per annum, value not more than 3,700 million baht and payable interest every 6 months, with Bangkok Bank Public Company Limited, Krung Thai Bank Public Company Limited, Kasikorn Bank Public Company Limited and Siam Commercial Bank. Public Company Limited is the debenture underwriter.
by bonds to promote sustainability (Sustainability-Linked Bond: SLB) is a debt instrument that has an agreement or condition for the issuer to adjust the interest rate. and/or the performance of any obligations The terms or conditions for the performance of such obligations are based on the achievements or results of the performance of the indicators. and sustainability goals (Key Performance Indicators) of future bond issuers that will create a positive impact on the environment and society.

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for indicators and BTSG sustainability goals used as references for issuing The debenture offerings are 1) setting a target on total electricity consumption per car-km for the operation of the MRT Green Line; and 2) setting a target for the proportion of electricity consumption from Renewable Energy Consumption for the operation of the entire Green Line MRT system including the operation of the Green Line train system Electricity use at train stations, buildings and maintenance centers Both goals are goals that promote sustainability in energy and environment. The issuance and offering of debentures this time are in accordance with international standards.
Sustainability-Linked Bond Principles set by the International Capital Market Association (International Capital Market Association (ICMA)) in June 2020 and has also received a review of the implementation of the standard from a Compliance Assessor DNV Business Assurance Australia Pty Ltd.

“In this offering of debentures, the Company would like to thank investors for their trust and interest in purchasing BTSG’s debentures. Bangkok Bank Public Company Limited, Krung Thai Bank Public Company Limited, Kasikorn Bank Public Company Limited and Siam Commercial Bank Public Company Limited, debenture underwriters. which is part of this success. The Company will use the proceeds from this offering of debentures to repay existing debts. It does not create any additional debt,” said Surayut.

“Issuing debentures The Company’s Sustainability-Linked Bonds this time are in line with BTSG’s Long-Term Climate Strategy, i.e., being a Carbon Neutral or Net Zero Emission Company. and set to increase the proportion of electricity that comes from renewable energy sources at least 10% of the total electricity use Currently the company Recognized for sustainable business practices nationally and internationally, such as being included in the Dow Jones Sustainability Indices (DJSI) for four consecutive years (2018-2021) and has been Ranked No. 1 in the world for 2 consecutive years in the transport and transportation infrastructure category. and most recently, it is the first and only transport company that has been certified as a carbon neutral transportation company (certified by Thailand Greenhouse Gas Management Organization).” Mr. Surayuth said

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