SGP is returning the entire 2 billion baht bond debt. The interest rate on the two new series of bonds will be paid at 4.95-5.15%.

HoonSmart.com>> Siam Gas and Petrochemical Company (SGP) repays 2,000 million baht interest-bearing bonds due December 7, 2023 in full and announces interest on a new batch of bonds. For sale to general investors, Series II between December 14-15 and 18, 2023. The notes are rated ‘BBB+’ with a credit rating trend of ‘Negative’ from TRIS Ratings. Reflects the potential for stable growth of the business.

Mr. Supachai Wiraporornpong, Managing Director of Siam Gas and Petrochemical Company (SGP), revealed that according to the company, Bond No. 2/2018 has been issued and offered for sale for a period of 5 years, with a credit limit of 2,000 million baht, due for redemption on December 7, 2023. The company has already repaid The principal and interest on the aforementioned bonds.

In addition, the company is prepared to offer two new series of bonds to the investing public. and institutional investors (public offering) The interest rates for both sets of bonds are as follows: Series 1 of bonds for 2 years and 9 months, interest rate of 4.95% per annum, and Series 2 of bonds for 4 years and 2 months, interest rate of 5.15% per annum.

The company plans to pay interest every 3 months for the duration of the bonds. On sale between 14-15 and 18 December 2023 through 5 leading financial institutions, including Krung Thai Bank. CIMB Bank of Thailand, UOB Bank, Asia Plus Securities and Yuanta Securities (Thailand) for the purpose of issuing these bonds. The funds received will be used to replace company funds. Which was allocated for the repayment of bonds due in December 2023 and the repayment of bonds due in January 2024.

The new bonds are rated “investment grade” at “BBB+,” which is similar to the company’s credit rating. It has a ‘Negative’ credit rating trend from TRIS Ratings on November 16, 2023. TRIS Ratings stated that the mentioned credit rating reflects the company’s wide distribution network. The company’s market position as the second largest trader of liquefied petroleum gas or LPG (liquefied petroleum gas) in Thailand.

Mr. Supachai Weeraborwornpong added that with regard to the operating results for the nine-month period ending September 30, 2023, the company and its subsidiaries achieved income from sales, transportation and services amounting to 68,037.73 million baht, down from the same period in 2022 due to the average price of LPG in the global market. For 9 months of 2023 it equals US$563.89/ton. lower than the same period last year when the average LPG price was US$776.94 per ton. However, the company still achieved a gross profit for the nine-month period of 1,936.30 million baht, an increase over the same period in 2022. This is a result of management Cost of products available for sale. The average cost is less than the price of LPG in the global market which is announced with reference to the selling price. As a result, the company’s net profit for the nine-month period of 2023 reached 259.67 million baht.

The Company has filed a report on debt instrument offerings and a draft prospectus with the Securities and Exchange Commission. It has come into effect for investors wishing to subscribe to buy bonds. You can subscribe with a minimum of 100,000 baht and multiples of 100,000 baht at a time.