IRPC Public Company Limited is preparing to issue and offer bonds in May for general investors, institutional investors, and/or large investors through 8 financial institutions. The bonds have been rated A-(tha) by Fitch Ratings (Thailand), reflecting its competitive advantage as a fully integrated petroleum and petrochemical company ready to advance into new businesses, enhancing the strength of its current operations with innovative materials and energy use that balance social, environmental, and governance aspects.

Mr. Chavalit Tippawanich, CEO and Managing Director of IRPC Public Company Limited, revealed that IRPC is set to issue and offer unsecured, non-subordinated bonds with a bondholder representative in 5 series to general investors, institutional investors, and/or large investors. This includes a 5-year bond offered to general investors with an interest rate of 3.10% per annum, and bonds with maturities of 4, 7, 10, and 12 years offered to institutional investors and/or large investors, with the 7-year bond being an environmental conservation bond or green bond.

IRPC will determine the interest rates and the issuance value of the remaining 4 series of bonds in early May. All bonds will have interest payments every 6 months throughout their duration, and the subscription period is expected to be from May 17 to 19 through the 8 financial institutions, including Bangkok Bank, Krungsri Bank, Krung Thai Bank, Kasikorn Bank, Siam Commercial Bank, CIMB Thai Bank, TMBThanachart Bank, and Kiatnakin Phatra Securities.

The funds raised from this bond issuance/green bond will be used to invest according to a new strategy, expanding conservation investments, such as the expansion of the floating solar project, in line with recognized green bond standards, and/or repaying existing debts and loans that are due.

Overall, IRPC's performance in the first half of 2022 is expected to remain high, similar to the previous year, supported by stock gains and higher petroleum product price spreads due to significant crude oil price increases amid the conflict between Russia and Ukraine, while the petrochemical product price spread has slightly softened since late 2021.

IRPC's bonds are another option for investors in a highly uncertain and volatile market, as they offer consistent returns and have been rated A-(tha) by Fitch Ratings (Thailand) in March 2022.

For the special 5-year bonds offered to general investors this time, investors can subscribe through various channels, whether at branches or online through the bond distribution manager's services. Additionally, a digital bond option has been introduced, allowing investors to hold bonds through a scripless wallet and trade in real-time 24 hours via the "Pao Tang" application, where investors can see their holdings immediately and conduct buy/sell transactions in the secondary market through the wallet.

General investors interested in subscribing to IRPC bonds can subscribe with a minimum of 100,000 THB and in multiples of 100,000 THB through Bangkok Bank, Krungsri Bank, Kasikorn Bank, Siam Commercial Bank, CIMB Thai Bank, TMBThanachart Bank, and Kiatnakin Phatra Securities.

For digital bond subscriptions, the minimum is 1,000 THB and in multiples of 1,000 THB through the bond trading wallet on the "Pao Tang" application of Krung Thai Bank only. More details can be found at www.sec.or.th.

Investors can also contact the distribution manager using the details below. Furthermore, for the safety of investors under the current Covid-19 situation, subscriptions can be made online through the bond distribution manager's channels (except for TMBThanachart Bank and Kiatnakin Phatra Securities).