Reading Time: 1 minutes
A major renewable energy company, BCPG Public Company Limited based out of Thailand and Asia-Pacific revealed that it aims to better its financial situation with green bonds. It will issue green bonds in the third quarter of 2021. The money raised from debentures will be utilized for refinancing the secured loan. This will ensure a robust financial system with a steady interest rate.
TRIS Rating allocated A- on up to 10bn Thai Baht on senior unsecured debentures. Moreover, TRIS allotted A- to BCPG with a steady stance. The rating contemplated the vigorous financial situation and business performance of the Company amidst brittle economic conditions.
“We have already submitted filing to Securities and Exchange Commission and are now considering the structure of debentures. We expect to issue the bonds within the third quarter of this year”, said Bundit Sapianchai, CEO of BCPG.