The debentures were offered to institutional investors and high net worth investors. Somruedee Chaimongkol, Banpu’s CEO, said: “The offering of Banpu’s debentures was exceptionally successful with overwhelming interest from investors. During the book-building process, the debentures were two times oversubscribed, emphasising the trust investors placed in Banpu. "So we decided to exercise a green-shoe option, making a total issue size of Bt10 billion to accommodate additional demands from investors. Banpu’s debentures were assigned an A+ rating by TRIS Rating Co Ltd reflecting Banpu’s robust financial position, increasing earnings stability, and its strategic moves as a leading integrated energy solutions company in Asia-Pacific.

Source: The Nation Bangkok May 22, 2019 10:04 UTC