Post by account_disabled on Jan 1, 2024 4:14:19 GMT
B.Grimm Power, Thailand's leading private sector power producer Confident that investors are interested in subscribing to subordinated bonds that are similar to equity. that will be offered for sale to general investors between 19-21 November, confirmed that it will not be affected by the new accounting standards. Highlighting the strengths of the power generation industry that has long-term power purchase agreements with the government and stable income. Revealing the fundraising through debt instruments this time to support potential growth plans in the future. From the continuous expansion of power plants both in Thailand and abroad. While the company Believe that both the stability of the business in the long term including stability and good financial discipline It will be an interesting choice for investors. To generate returns during the first 5 years at 5% per year, which is satisfactory and appropriate in this situation.
Mrs. Preeyanart Sunthornwata, Chief Executive Officer Job Function Email Database of B.Grimm Power Public Company Limited (or BGRIM), Thailand's leading private sector power producer, revealed that the company believes that BGRIM's subordinated capital bonds that will be issued and offered Sold worth 6 billion baht with a reserve for offering of no more than 2 billion baht, a total of 8 billion baht that will be offered to general investors between 19-21 Nov. will receive a response. from investors very well There are many supporting factors. Whether the said debentures received a credit rating of BBB+ and a corporate credit rating of A with a "stable" outlook from TRIS Rating Company Limited, which are investment grade or Investment Grade designations. The return for the first 5 years is 5% per year, which is a satisfactory rate of return. and that the company Be in the electricity industry with a long-term power purchase agreement with the government and have a stable income. There is an opportunity for continuous future growth from the demand for electricity both in Thailand and abroad. As for the case where investors are concerned about the use of the new accounting standard.
TAS 32 that has an impact on companies that issue subordinated capital bonds, the Company would like to clarify that the Company has taken into account the impact of adopting The new accounting standards have already been applied. Therefore, the subordinated debentures of BGRIM that will be issued and offered for sale this time Therefore, the requirements meet the criteria to be classified as accounting capital under the new accounting standards in full. B.Grimm Power (BGRIM) is one of the main businesses under the B.Grimm Group, which operates alongside Thailand for more than 140 years and has been a pioneer in many areas of infrastructure investment. Including being the first pioneer of the private power producer business in Thailand under BGRIM, which has been in the electricity business for more than 20 years, currently BGRIM has production capacity coming from power plant projects in the country approximately 75% and overseas approximately 75%. 25%, with the company aiming to expand production capacity to 5,000 megawatts by 2022 from the current total power plant projects, including 56 projects under construction and development, with a total production capacity of 3,245 megawatts, which will be gradually Open for commercial operation by 2025.
Mrs. Preeyanart Sunthornwata, Chief Executive Officer Job Function Email Database of B.Grimm Power Public Company Limited (or BGRIM), Thailand's leading private sector power producer, revealed that the company believes that BGRIM's subordinated capital bonds that will be issued and offered Sold worth 6 billion baht with a reserve for offering of no more than 2 billion baht, a total of 8 billion baht that will be offered to general investors between 19-21 Nov. will receive a response. from investors very well There are many supporting factors. Whether the said debentures received a credit rating of BBB+ and a corporate credit rating of A with a "stable" outlook from TRIS Rating Company Limited, which are investment grade or Investment Grade designations. The return for the first 5 years is 5% per year, which is a satisfactory rate of return. and that the company Be in the electricity industry with a long-term power purchase agreement with the government and have a stable income. There is an opportunity for continuous future growth from the demand for electricity both in Thailand and abroad. As for the case where investors are concerned about the use of the new accounting standard.
TAS 32 that has an impact on companies that issue subordinated capital bonds, the Company would like to clarify that the Company has taken into account the impact of adopting The new accounting standards have already been applied. Therefore, the subordinated debentures of BGRIM that will be issued and offered for sale this time Therefore, the requirements meet the criteria to be classified as accounting capital under the new accounting standards in full. B.Grimm Power (BGRIM) is one of the main businesses under the B.Grimm Group, which operates alongside Thailand for more than 140 years and has been a pioneer in many areas of infrastructure investment. Including being the first pioneer of the private power producer business in Thailand under BGRIM, which has been in the electricity business for more than 20 years, currently BGRIM has production capacity coming from power plant projects in the country approximately 75% and overseas approximately 75%. 25%, with the company aiming to expand production capacity to 5,000 megawatts by 2022 from the current total power plant projects, including 56 projects under construction and development, with a total production capacity of 3,245 megawatts, which will be gradually Open for commercial operation by 2025.