Xayaburi Power Company Limited (XPCL), a subsidiary of CK Power PCL (SET: CKP) in which it holds 42.5% stake, has submitted a filing to the Securities and Exchange Commission (SEC) for the issuance and sale of senior, guaranteed green debentures with a five-year tenor and an annual interest rate of 2.80%, payable every six months.
The debentures, backed by the Export-Import Bank of Thailand (EXIM Bank), will be offered exclusively to institutional investors (excluding individuals classified as institutional investors) and/or high-net-worth investors.
The subscription period is scheduled for July 18 and July 21-22, 2025. Major institutions serving as lead arrangers include Bangkok Bank (BBL), Kiatnakin Phatra Securities (KKPS), Krung Thai Bank (KTB), and Siam Commercial Bank (SCB), with Kiatnakin Phatra Bank (KKP) acting as the debentureholders’ representative.
According to Fitch Ratings’ international ratings on June 26, 2025, XPCL received a long-term corporate rating of B+ and a debenture rating of BBB+. On the local rating scale, as of July 11, 2025, the company was rated A- for its corporate rating and AAA for the debentures.
Proceeds from the debenture offering are intended for repayment of existing debt instruments.
Global Power Synergy Public Company Limited (SET: GPSC) and Electricity Generating Public Company Limited (SET: EGCO) hold 25% and 12.5% stake, respectively, in Xayaburi Power Company Limited.
