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CK Power Public Company Limited (CKP) filed a registration statement with the Securities and Exchange Commission (SEC) to issue and offer the Company’s bonds No. 1/2020. More than 4 billion baht, divided into 3 sets: Series 1 Notes, with a value of not more than 1 billion baht, with a term of 2 years, maturing in 2022, with a fixed interest rate of 2.31 percent annual, with interest paid every 6 months during the life of the obligations.
Series 2 Obligations, valued at up to 1.5 billion baht, maturing in 3 years, maturing in 2023, bear interest at a fixed rate of 2.62% per annum, payable every 6 months during the life of the obligations.
And debentures of no more than 1,500 million baht, maturing in 7 years in 2027, with a fixed interest rate of 3.76% per annum, payable every 6 months during the life of the debentures.
The obligations are offered to institutional investors and / or limited companies, public limited companies and / or cooperatives that are only large investors. Between November 23 and 24, 2020, the liability insurer is Kasikornbank. TMB Bank and Kiatnakin Phatra Securities
Obligation Credit Rating “A-” Rating Outlook “Stable” by TRIS Rating Co., Ltd. on October 30, 2020.
The Company intends to use the proceeds from this offering of debentures to repay the debentures due in the second quarter of 2021 in the approximate amount of Baht 1,000-2,000 million for the purchase of assets or investments in businesses related to the operation. Business in the amount of approximately 1B – 2 billion baht and / or for working capital in the business of approximately 1 billion baht, to be used in December 2021
