B.Grimm Power Public Company Limited (SET: BGRIM), one of Thailand’s leading energy producers with a focus on combined cycle co-generation power and renewable power plants both domestically and internationally, has successfully completed its senior unsecured debenture issuance No. 1/2025 with a total offering size of THB 7 billion.
Dr. Harald Link, Group President of B.Grimm Power Public Company Limited, expressed appreciation to all investors for their strong support, which enabled the company to raise the full target amount of THB 7 billion, exceeding the initially targeted offering amount. The issuance received overwhelming interest from a wide range of investor types, both Institution Investor and high-net-worth individuals. The bonds were almost twice oversubscribed. Proceeds from the bond issuance will be used to repay loans from financial institutions.
The bonds were rated “A-” with a “Stable” outlook by TRIS Rating on 5 June 2025 and were offered in four tranches:
- Tranche 1: 3-year zero-coupon bonds, totaling THB 2.0 billion, with an implied yield of 2.84% p.a.
- Tranche 2: 4-year bonds, totaling THB 3.25 billion, with a coupon rate of 3.30% p.a.
- Tranche 3: 7-year bonds, totaling THB 300 million, with a coupon rate of 3.70% p.a.
- Tranche 4: 10-year bonds, totaling THB 1.45 billion, with a coupon rate of 3.90% p.a.
In addition, BGRIM operates its business under the “GreenLeap – Global and Green” strategy. The company is committed to achieving continuous growth and aims to become a global leader in sustainable and reliable energy solutions. BGRIM plans to expand its total operating capacity from 4,121 MW as of May 2025 to 10,000 MW from operating and committed projects by 2030 through investments in both domestic and international power projects.
The strong demand for the bonds reflects investors’ confidence in BGRIM’s solid performance, highly experienced management team, and its leadership in power and steam generation with world-class operational standards. With its well-established presence in Thailand, B.Grimm Power remains committed to growing alongside the country’s future.
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