GPSC is delighted to have received a warm welcome from institutional and high-net-worth investors with 2.3 times oversubscription. The "Green Bonds" are worth 12,000 million baht with tenors of 3-15 years at coupon rates between 2.55%-4.40%. The objective of this offering is to secure funding for its renewable energy projects, in line with the future energy trend. To echo the company’s commitment to growing business sustainably, the company has already obtained the certification of its green bonds by Climate Bonds Initiative (CBI), a leading environmental organization.

Mr. Worawat Pitayasiri, President and Chief Executive Officer of Global Power Synergy Public Company Limited or GPSC, the innovative power flagship of PTT Group, revealed that GPSC successfully issued the 2nd Green Bonds totaling 12,000 million baht with the tenor of 3-15 years at the coupon rates between 2.55%-4.40% per annum to the institutional and high-net-worth investors on 10 June 2022. The Green Bonds were assigned a rating of “AA+” with “Stable” outlook by TRIS Rating. The use of proceeds of this issuance are to invest in renewable energy projects and to refinance the company’s existing loans and the group’s green projects. The offering garnered solid demand with 2.3 times oversubscription.

“The company is very pleased with the success of this Green Bonds offering. With the oversubscription from the initial target issue size of 10,000 million baht, the company, to exercise a greenshoe option of 2,000 million baht, resulting in the final issue size of 12,000 million baht. This issuance is considered the second green bond issuance, following the successful debut in August 2020. This represents the company's commitment to harmonizing business with environmental care and sustainable growth, which aligns with our vision as a leading power company in terms of global innovation and sustainability,” said Mr. Worawat.

For this issuance, the company has already obtained the certification issued by CBI, an independent international environmental organization. This certification would demonstrate GPSC’s aspiration to develop clean and green energy. The achievement of GPSC’s fund-raising goals will create opportunities for future renewable energy expansion, following the trend of sustainable energy, including the development of energy innovations to enhance local and global energy consumption.Furthermore, this is considered an opportunity for business growth in the future.

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