B Grimm Power Public Company Limited (SET: BGRIM) successfully raised Bt4.2 billion (US$124.6m) through a dual-tranche senior bond issuance. The offering consisted of a three-year Bt2.8 billion trench for a 3.14% coupon rate and a 10-year Bt1.4 billion trench for a 4.1% yield. These two bonds will be offered to institutional and high-net-worth investors. The notes garnered an A– rating from Tris Ratings, slightly below the issuer’s A rating.
The underwriters for this bond issuance included Bangkok Bank, CIMB Thai Bank, Kasikornbank, Kiatnakin Phatra Securities, Siam Commercial Bank, Kasikornbank, and UOB Thai. B Grimm Power, a subsidiary of the Thai conglomerate B Grimm Group, operates within the energy sector.
