Bangkok: IRPC Public Company Limited (IRPC) has announced interest rates for its debentures and digital debentures, set at a range of 3.80% to 4.35% per annum. Subscriptions are set to open from March 20-21 and 24 through ten leading financial institutions, with the debentures holding a credit rating of ‘A-‘ with a stable outlook from TRIS Rating. The company aims to enhance efficiency in its core businesses of petroleum and petrochemicals and is exploring new business opportunities through sustainable innovation and energy partnerships.
According to Thai News Agency, Mr. Pichin Apiwanthanaporn, Senior Executive Vice President of Accounting and Finance at IRPC, disclosed details about the unsecured, unsubordinated debentures, which will be offered in five series. These include 4-year debentures at a 3.80% interest rate, 6-year at 4.10%, 7-year at 4.25%, and 9-year at 4.35% per annum. Additionally, a 5-year digital debenture will be offered at 3.95%. Interest payments will occur every six months. Subscription will be available through Bangkok Bank, Bank of Ayudhya, Kasikornbank, Siam Commercial Bank, CIMB Thai Bank, Thanachart Bank, UOB Bank, Government Savings Bank, and Kiatnakin Phatra Securities. The digital bonds will be exclusively available via the Krungthai Bank ‘Paotang’ application.
The managing financial institutions believe IRPC debentures present a compelling investment opportunity, especially amid market volatility affecting other securities. They offer stable returns under acceptable risks, backed by the ‘A-‘ rating with a stable outlook by TRIS Rating Co., Ltd., assessed on February 3, 2025.
General investors can subscribe to the IRPC debentures with a minimum investment of 100,000 baht, in increments of 100,000 baht, through various channels, including online applications. For digital debentures, the minimum investment is 1,000 baht, available via the ‘Paotang’ application, which allows 24/7 real-time transactions.
The company is in the process of securing approval for the Debt Instrument Offering Information Form and Draft Prospectus from the SEC. More details can be found on the SEC website or by contacting the underwriters mentioned below.
Potential investors can contact the following institutions for more information and booking: Bangkok Bank, Bank of Ayudhya, Krungthai Bank via the ‘Paotang’ app, Kasikornbank, Siam Commercial Bank, CIMB Thai Bank, UOB Bank, Kiatnakin Phatra Securities, and Government Savings Bank. Each offers various booking options, including phone and online applications.
Investors are reminded that investment carries risk, and they should thoroughly understand the product conditions and risks before investing.
