TTA will issue and offer 2 tranches of debentures rated “BBB” with stable outlook by the TRIS rating with fixed coupon rates of 4.75% and 5.10% per annual subscription from November 8 to 10, 2021

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THORESEN THAS SA AGENCIES Press release

TTA COMPANY| Shipping |Offshore Services | Agrochemical | Food and Drinks | Investment

For immediate release

TTA will issue and offer 2 tranches of Debentures

Rated “BBB” with stable outlook by the TRIS rating

With fixed coupon rates of 4.75% and 5.10% per annum

Subscription from 8 to 10 November 2021

Bangkok, November 1, 2021 – Thoresen Thai Agencies Public Company Limited or TTA has prepared to issue and offer No. 2/2 5 6 4 Debentures under the MTN program, which are unsubordinated and unsecured debentures with the representative of a holder of bonds in the nominative certificate. The debentures will be offered in 2 tranches: the 3-year and 3-month debentures with a fixed coupon rate of 4.75% per annum and the 4-year and 6-month debentures with a fixed coupon rate of 5.10% per annum. year. The coupon will be paid every three months.

The issue size of 2 tranches of bonds will be up to THB 1,500 million with an additional greenshoe up to THB 500 million, for a total issue size of THB 2,000 million. The debentures were assigned a credit rating of “BBB” with a stable outlook by the TRIS rating on August 23, 2021.

TTA bonds will be offered to general and / or institutional investors from November 8 to 10, 2021 via Asia Plus Securities, Globlex Securities, KGI Securities (Thailand), Krungthai Zmico Securities, KTBST Securities and Yuanta Securities (Thailand) with the minimum subscription amount THB 100,000 and then multiplied by THB 100,000 for general investors.

Mr. Chalermchai Mahagitsiri, President and CEO of Thoresen Thai Agencies Public Company Limited or TTA, disclosed that “The proceeds from this offering will be used to repay debentures and as working capital to strengthen our business and increase liquidity. Currently, the Shipping segment is

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THORESEN THAS SA AGENCIES Press release

TTA COMPANY| Shipping |Offshore Services | Agrochemical | Food and Drinks | Investment

is expected to grow as the offshore services segment, which recently won several contracts in Thailand, Angola and Saudi Arabia, prepared to provide a full range of subsea services. ”

Currently, TTA has a strong balance sheet with cash under management of approximately THB 7.5 billion, which leads to a strong capital structure with net debt bearing interest on equity at 0.06 times as of June 30, 2021. In addition, neither of TTA has any default in payment of principal and / or interest on the Debentures or failure to comply with the terms and conditions of the Debentures.

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About TTA

Thoresen Thai Agencies Public Company Limited, or TTA, is a Thailand Stock Exchange listed strategic investment holding company with an investment policy aimed at generating growth through a balanced and diversified portfolio both locally and internationally. . Its current business portfolio includes maritime transport, offshore services, agrochemicals, food and beverage and investment.

For more information please contact: Thoresen Thai Agencies Plc.

Natasa Urcharoenngan

Email: [email protected]

Phone. : +662 254 8437 ext 332

Mobile: +668 3492 2442

Thanit Tirapanith

E-mail: thanit.t @ thoresen.com

Phone. : +66 2254 8437 393

Mobile: + 669-3-559-6169

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Disclaimer

Thoresen Thai Agencies pcl published this content on November 01, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on 01 November 2021 07:16:03 UTC.

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