Bangchak Sriracha Public Company Limited, or “BSRC,” has set the financial world abuzz with the triumphant issuance of its debut debentures. Institutional investors flocked to grab a piece of the action, leading to an oversubscription that saw the total issuance rocket to THB 4 billion, far surpassing their initial target. TRIS Rating’s assignment of an “A” credit rating to BSRC’s debentures confidently underscores the company’s robust standing.
Bundit Hunsapaiboon, the dynamic Chief Executive Officer of Bangchak Sriracha, remarked with palpable gratitude, “We are immensely thankful to our investors for placing their trust in our debut debentures. The overwhelming response, with subscriptions skyrocketing over four times our initial target, prompted us to utilize a greenshoe option. This measure allowed us to upscale the offering to THB 4 billion from the initial goal of THB 2 billion.” He added, “This strong backing demonstrates unwavering confidence in our company’s performance and our promising potential within the refining and marketing sectors.”
On the pivotal date of 31 July 2024, BSRC rolled out two tranches of debentures: a two-year offering with a yield of 3.14% per annum and a three-year offering yielding 3.16% per annum. A clear vote of confidence arrived on 13 May 2024, when TRIS Rating Company Limited fortified the appeal of these debentures to institutional investors by awarding them an “A” credit rating with a stable outlook. This endorsement echoed BSRC’s solid financial footing and strategic prowess. The issuance was jointly managed with refined precision by TMBThanachart Bank, UOB Bank, and the Government Savings Bank.
Expounding further on the company’s strategic roadmap, Bundit Hunsapaiboon shared, “The capital generated from these debentures will not merely address our financial obligations but also propel our business operations forward in alignment with our growth strategy. We are poised to tackle various industry challenges head-on. Moreover, our commitment to sustainable and responsible business practices remains unwavering. We are dedicated to supporting our society and innovating towards a low-carbon business future.”
With this monumental debut, BSRC has cemented its position in the financial arena, demonstrating not just a capability to inspire investor confidence but also a readiness to leverage this support into sustainable growth and innovation. The spirited backing from investors is a testament to the company’s strong business ethics and a promising path ahead, providing a beacon of positive momentum within the industry.
THB 4 billion is a massive success! Hunsapaiboon must be over the moon about this oversubscription.
Seems like CEO Bundit is doing a great job, but will the company live up to the investors’ expectations?
That’s a fair point. The pressure is definitely on to maintain this momentum and show concrete results.
I think the credit rating and strategic planning speak for themselves. Investors clearly have faith in BSRC’s future.
BSRC’s move is a big deal, but I’m more concerned about the yields offered. Are 3.14% and 3.16% really competitive in today’s market?
Yields are definitely low, but consider the stable outlook and A rating. It’s about risk vs reward.
I get that, but in a volatile market, conservative yields don’t seem enticing enough.
Don’t underestimate the security of a stable, A-rated debenture. Long-term investments aren’t just about high yields.
I’m glad to see their commitment to a low-carbon business future. The world needs more companies like BSRC!
Let’s see if they actually follow through on their sustainability promises. It’s often more talk than action.
True, but I believe in giving them a chance. Every step counts.
BSRC’s track record on green projects will tell us whether they’re serious about sustainability.
Why are people so fascinated with debentures? Stocks are a lot more exciting.
Debentures offer a different kind of financial stability. They’re not meant to be as volatile as stocks.
I guess I just prefer more dynamic investments. Steady isn’t my style.
Diversification is key. A mix of debentures and stocks can balance risk and return.
TRIS Rating giving an A solidifies BSRC’s trustworthiness to me. Planning to invest more.
It’s reassuring, but keep in mind, ratings can change if the company’s fortunes change.
Absolutely, continuous evaluation is vital. But right now, it looks promising.
I’m curious how they’ll utilize the THB 4 billion. Expansion or debt repayment?
The article mentions both financial obligations and business growth. Seems like a balanced approach.
I hope so. They need to be strategic with such a massive amount.
Effective use of capital will determine future credit ratings and investor faith.
Hunsapaiboon’s leadership seems exceptional. This success is a testament to his vision.
Or maybe he’s just riding a market high. Let’s see how he handles the downturns.
Fair point, leadership truly shines during challenging times.
Leadership is about vision and adaptability. So far, he’s shown promise.
Impressive that they managed an oversubscription! Shows strong market trust.
Yeah, but maintaining investor trust is the real challenge. What’s next for BSRC?
Continued growth and transparency. They’ve got to prove they’re worth the trust.
If they keep investors informed and meet their goals, they’ll be fine.
I’m worried about the global economic conditions. Will BSRC be resilient enough?
Every company faces those challenges. Their robust strategy might give them an edge over others.
This is a landmark moment for BSRC. A strong move in a competitive market.
I’m intrigued by their future projects. More on the pipeline, please!
Are they planning to go global with this backing?
Stockholders must be thrilled. Curious to see how this affects stock prices.
Who knew debentures could be so exciting? THB 4 billion is no joke!