BTS expands Sustainability-Linked Bonds to 1.1

Mr. Surayut Thawikulwat, Chief Financial Officer, BTS Group Holdings Public Company Limited (BTS), revealed that the company has offered long-term sustainability debentures. Unsubordinated, unsecured, and 4 sets of bondholders’ representatives with a total offering value of 11 billion baht to institutional investors. and large investors Between April 29, May 3 and May 5, 2022

The offering was very successful. With investors expressing their intention to invest more than 1.67 times the value of the debentures that the company aims to issue at 8,000 million baht. Therefore, the company decided to issue additional bonds to offer for sale in the amount of 3,000 million baht to meet the demand. of investors

The debentures were rated at A level from TRIS Rating Co., Ltd. on March 10, 2022.

The four sets of sustainability bonds offered for sale are as follows:

Batch 1, 3 years old, maturity in 2025, fixed interest rate 2.79% per annum, value not over 700 million baht.

The second set is 5 years old, maturity in 2027, fixed interest rate 3.65% per annum, value not over 2,800 million baht.

3rd set, 7 years old, maturity in 2029, fixed interest rate 4.05% per annum, value not over 3,800 million baht.

The 4th set is 10 years old, maturity in 2032, fixed interest rate 4.40% per annum, value not over 3,700 million baht.

All debentures pay interest every 6 months by Bangkok Bank. Krung Thai Bank Kasikorn Bank and Siam Commercial Bank) as the debenture underwriter.

Bonds promote sustainability Sustainability-Linked Bond (SLB) is a debt instrument that provides an agreement or condition for the issuer to adjust the interest rate and/or to perform any obligations under the terms or conditions to perform the obligations as described above. It is said to refer to the success results or the results of the performance of the indicators. and sustainability goals (Key Performance Indicators) of future bond issuers that will create a positive impact on the environment and society.

For BTSG sustainability metrics and goals used as a reference for issuing and offering the debentures this time: 1) setting a target on total electricity consumption per car-km for the operation of the MRT Green Line;

and 2) setting targets for the proportion of electricity use from renewable energy sources for the operation of the entire Green Line mass transit system. including the operation of the Green Line train system Electricity use at train stations, buildings and maintenance centers Both goals are goals that promote sustainability in energy and environment.

by issuing debentures and offering for sale this time meet international standards Sustainability-Linked Bond Principles set by the International Capital Market Association (International Capital Market Association (ICMA)) in June 2020 and has also received an acknowledgment on the implementation of the standards from the Compliance Assessor DNV Business Assurance Australia Pty Ltd.

“The Company will use the proceeds from this offering of debentures to repay the existing debt. It does not create any additional debt,” said Surayut.

Mr. Sorayut added that the issuance of debentures The company’s Sustainability-Linked Bonds this time are in line with BTSG’s Long-Term Climate Strategy, i.e. being a Carbon Neutral or Carbon Emitter. net zero and set to increase the proportion of electricity that comes from renewable energy sources at least 10% of the total electricity use

Currently the company Recognized for sustainable business practices both nationally and internationally, for example being included in the Dow Jones Sustainability Index (DJSI) for four consecutive years (2018-2019) and has been Ranked No. 1 in the world for 2 consecutive years in the transport and transportation infrastructure category. And recently, it is the first and only transportation company to be certified as a carbon neutral transportation company (certified by Thailand Greenhouse Gas Management Organization).

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