WHA Utilities and Power Public Company Limited (WHAUP)<\/strong><\/span> has successfully issued bonds totaling 3.5 billion baht, including 500 million baht in Green Bonds, which received a positive response from institutional and major investors, reflecting confidence in the company's potential and fundamentals. This reinforces WHAUP's strength as a leader in the utilities and energy sector while emphasizing its commitment to environmental sustainability and growth.<\/span><\/p>

Mr. Somkiat Mesanthasuwan, Chief Executive Officer of WHA Utilities and Power Public Company Limited (WHAUP)<\/strong><\/span> announced that the company successfully completed its bond offering for the second time in 2023, totaling <\/span>3.5<\/span><\/strong> billion baht for institutional and major investors. The offering took place from <\/span>May 12-14<\/span><\/strong>, 2023, through two bond underwriters: Kasikorn Bank and Krungsri Bank. The bonds were divided into <\/span>two<\/span><\/strong> series: the first series consists of regular bonds worth <\/span>3,000<\/span><\/strong> million baht with a 3-year maturity and a fixed interest rate of <\/span>3.26<\/span><\/strong>% per annum, while the second series is the Green Bond worth <\/span>500<\/span><\/strong> million baht with a 5-year maturity and a fixed interest rate of <\/span>3.55<\/span><\/strong>% per annum.<\/span><\/span><\/p>

The proceeds from this bond issuance, specifically the 500 million baht from the Green Bonds, will be used to replace the company's investment for solar energy projects that are already operational. Meanwhile, the funds from the regular bonds will be used to repay maturing debts and for working capital.<\/span><\/span><\/p>

The success of this bond offering reflects investor confidence in the company's business fundamentals, financial strength, and growth potential. It also demonstrates the company's commitment to conducting business with a focus on environmental sustainability and a dedication to sustainable development.<\/span><\/span><\/p>

The company's bonds have been rated by TRIS Rating Co., Ltd. at <\/span>A-<\/span> <\/strong> with a “stable” outlook, indicating strong operational performance, overall business health, and robust financial status, along with consistent cash flow.<\/span><\/span><\/p>

         <\/strong>The CEO of WHAUP <\/span><\/strong>further stated that the company continues to advance its utilities and energy business in various forms both domestically and internationally, focusing on innovative solutions to develop products and services that meet customer needs, particularly in new forms of utilities and renewable energy such as solar power and other clean energy sources. This underscores the company's commitment to being a leader in the comprehensive utilities and energy business while ensuring sustainable growth alongside all stakeholders.<\/span><\/strong><\/span><\/p>