WHAUP Closes Deal on Bond and Green Bond Sale Exceeding Expectations with 3x Oversubscription, 4 Billion Baht Offering
WHAUP closed a 4 billion baht bond sale with three times oversubscription, offering both zero-coupon and green bond tranches with maturities of 3 to 5 years. The strong investor demand reflects the company's 'A-' credit rating and its posit
WHAUP has successfully completed its first bond offering for 2026, totaling 4 billion baht, attracting strong interest from institutional and major investors following the May 6-7 sales period. The offering was divided into two tranches: a zero-coupon bond tranche of 3 billion baht with a 3-year maturity and a 2.10% annual discount rate, and a green bond tranche of 1 billion baht with a 5-year maturity and a fixed 2.75% annual interest rate.
The company's bonds received an 'A-' credit rating from Tris Rating with a stable outlook, reflecting investor confidence in the company's business fundamentals and financial strength, as well as the long-term growth potential of the utilities and energy sector. Kasikornbank and UOB served as the arrangers for this bond issuance.
The successful completion of this bond offering underscores WHAUP's role as a comprehensive utilities and energy service provider that integrates technology, innovation, and sustainability while prioritizing environmental responsibility, driving Thailand's industrial growth in the long term under its mission to Shape the Future for Thailand.
