IRPC to sell A

published : 7 Apr 2023 at 14:49

IRPC Public Company Limited (IRPC) is set to launch and offer bonds and digital bonds to general investors and institutional investors through nine financial institutes in May 2023. The bonds have been rated A-(tha) by Fitch Ratings (Thailand), reflecting confidence and recognition of IRPC as a company that innovates and utilizes materials and energy with the aim to strengthen current businesses and move forward to penetrate new businesses while helping create a green society.

"IRPC proudly prepares to launch and offer bonds and digital bonds (non-subordinated with no insurance) that have eight bond holder representatives for general investors and institutional investors this May 2023," announced Mr. Kris Imsang, President and Chief Executive Officer of IRPC Public Company Limited. "The bonds include 3-year bonds and digital bonds with annual interest rate of 3.20%-3.40%, 5-year bonds and digital bonds with annual interest rate of 3.70%-3.90%, 7-year bonds and digital bonds with annual interest rate of 4.00%-4.20% per year, and 10-year bonds and digital bonds with annual interest rate of 4.20%-4.40%. The company will announce the final exact interest rates in May."

All bonds make interest payments every 6 months throughout each bond's life. The subscription will be opened on (26, 29-30) May 2023 through nine financial institutes, including Bangkok Bank, Bank of Ayudhya, Krungthai Bank, Siam Commercial Bank, CIMB Thai Bank, TMBThanachart Bank, United Overseas Bank (Thai), and Kiatnakin Phatra Securities. Subscription to the digital bonds is via Krungthai Bank's ‘Paotang’ application only.

IRPC built a solid business foundation in 2022 by increasing the proportion of high-value specialty products by 22%. The company also opened a factory, Innopolymed Co., Ltd., to produce non-woven fabrics for medical consumables.

Production capacity expansions of four projects are planned, including: 1) PP Meltblown with annual production capacity of 40,000 tons which has the highest production capacity in the country; 2) PP Spunbond plastic pellets production project with annual production capacity of 190,000 tons of medical and hygiene products, 3) PPR: PP Random Copolymer Pipe project with annual production capacity of 80,000 tons, aiming to be the first company in the region to produce hot and cold water pipes without phthalates, and 4) HDPE100-RC production with annual production capacity of 40,000 tons to produce industrial pipes that can last up to 100 years and help reduce construction costs and time without opening the soil surface.

Moreover, the company has improved the performance of its refinery over the past five years, including increasing production efficiency and sharpening its focus on environmental friendliness to support Euro 5 refinery efficiency and diesel quality improvement (Ultra Clean Fuel Project or UCF) that will begin commercial operations early next year. The company also joined hands with partners to expand current business portfolios and create new businesses, including opening an oil depot in Surat Thani province, boosting the southern region economy.

Mr. Kris further stated that. "With the aim of creating better things for the future, IRPC has set a goal to reduce greenhouse gas (GHG) emissions by 20% by 2030, and aims to achieve its carbon neutral goals in 2050 and Net Zero Emissions by 2060."

IRPC's bonds are considered another good option for investors in the current highly volatile and uncertain market conditions as they provide stable returns and the company is rated A-(tha) with negative outlook (negative). The bonds received a credit rating of A-(tha) from Fitch Ratings (Thailand) Limited on March 16, 2023.

Interested investors will be able to subscribe to the bonds through various channels either through branches or online channels of the bond underwriters. For digital bonds, investors can hold scripless bonds through a wallet that can be traded in real-time 24 hours a day through the ‘Paotang’ application. Investors can immediately see the related information and can make purchases or sales of bonds in the secondary market through the wallet.

General investors can subscribe to IRPC's bonds for a minimum of 100,000 baht and in multiples of 100,000 baht via Bangkok Bank, Bank of Ayudhya, Kasikorn Bank, Siam Commercial Bank, CIMB Thai Bank, TMBThanachart Bank, UOB Bank, and Kiatnakin Phatra Securities. Minimum subscription to the digital bonds is 1,000 baht and multiples of 1,000 baht through the bond trading wallet on Krungthai Bank's ‘Paotang’ application. Learn more details at www.sec.or.th and contact the underwriters as per the details below.

Bangkok Bank Public Company Limited Tel. 1333 or Bualuang mBankin‪g ‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬

Bank of Ayudhya Public Company Limited Tel. 1572 or Krungsri Mobile Application (KMA)

Krung Thai Bank Public Company Limited Tel. 02-111-1111 The subscription of the bonds can be made via the wallet on the Krung Thai Bank's ‘Paotang’ application only.

Kasikornbank Public Company Limited Tel. 02-888-8888 ext. 819 .General people can subscribe the bonds at https://www.kasikornbank.com/kmyinvest (Migrant people and juristic person can subscribe the bonds only at the Kasikornbank's head offices and branches.)

Siam Commercial Bank PCL. Tel. 02-777-6784 or SCB Easy App

TMBThanachart Bank Public Company Limited Tel. 1428 press#4

CIMB Thai Bank Public Company Limited Tel. 02-626-7777 or Mobile application - CIMB Thai Digital Banking

United Overseas Bank (Thai) PCL. Tel. 02-285-1555

Kiatnakin Phatra Securities Public Company Limited (Including Kiatnakin Phatra Bank PCL as the selling unit) Tel. 02-165-5555 or Application DIME