BTS Group Holdings Public Company Limited (“The Company” or “BTSG”), being prominent in 4 businesses: mass transit, media, property, and services, announces the success of its Green Bonds offering to institutional and high- net-worth investors. The second series of Green Bond Issuance by BTSG attracted massive interests from both institutional and high-net-worth investors. Total demand on the bookbuilding date was 3.3 times greater than the Company’s initial target issue size, reflecting investor confidence in BTSG performance.

Mr.Surayut Thavikulwat, Chief Financial Officer, BTS Group Holdings Public Company Limited revealed that BTSG Green Bonds which were offered during 3 – 5 November 2020 received strong feedback from investors during the bookbuilding process conducted on 30 October 2020 with more than 3.3 times oversubscription on BTSG’s initial target issue size of THB 5,000 million. Therefore, BTSG decided to exercise greenshoe option of THB 3,600 million resulting in the total issue size of THB 8,600 million. The Bonds were comprised of THB 500 million for 2-year series with a fixed interest rate of 2.10% p.a., THB 4,000 million for 3-year series with a fixed interest rate of 2.44% p.a., THB 1,500 million for 5-year series with a fixed interest rate of 2.86% p.a., THB 2,000 million for 7-year series with a fixed interest rate of 3.11% p.a. and THB 600 million for 10-year series with a fixed interest rate of 3.41% p.a. TRIS Rating has assigned the rating of “A” to the Green Bond on 29 September 2020. The Green Bond’s proceeds will be used for investment and debt repayment of the two monorail mass transit projects; the Pink line Project, Khae Rai-Min Buri section and the Yellow line Project, Lad Prao-Sam Rong section. Both are the anchored projects that will elevate Bangkok’s electric mass transit network which will lessen the use of fossil-fueled vehicles resulting in the reduction of carbon emission, and fine dust particles (PM2.5) in Bangkok metropolitan area.

The Pink Line Project, Khae Rai – Min Buri section and the Yellow Line Project, Lad Prao – Sam Rong section, are under construction. Overall construction progress of both lines are completed more than 60 percent and expect to commence full operation in 2022. The Pink and Yellow Line Projects will be operated with 72 monorail trains with 288 cars in total, divided into 42 trains of Pink Line and 30 trains of Yellow Line. For the first phase of service, 4-car trains will be capable of transporting approximately 17,000 passengers per hour per direction and they can be extended up to 7 cars per train for transporting approximately 28,000 passengers per hour per direction in the next phase.

“BTSG would like to thank investors for their trust and interest in subscribing for BTSG Green Bond and we would also like to thank Bangkok Bank Public Company Limited, Siam Commercial Bank Public Company Limited, and Krungthai Bank Public Company Limited as the lead arrangers for their support and contribution to this achievement. This Green Bond is the second series of Green Bonds issuance from BTSG following the success of its first Green Bond issuance in 2019. The consecutive Green Bond issuance shows our commitment towards continuous investments in green projects and sustainable business growth” Said Mr.Surayut.

BTSG Green Bond complies with International Green Bond Standards including the Green Bond Principles 2018 issued by the International Capital Market Association (ICMA) as well as the ASEAN Green Bond Standards 2018 (ASEAN GBS) issued by the ASEAN Capital Markets Forum (ACMF). Sustainalytics, a leading independent research facility of ESG and corporate governance, has verified and issued the second party opinion (SPO) which concluded that the BTSG Green Bond is in compliance with both GBP and ASEAN GBS. Climate Bonds Initiative (CBI) has also certified that the BTSG Green Bond complies with the Climate Bonds Standard version 3.0, Low Carbon Transport criteria.

The Pink Line Monorail Project, Khae Rai – Min Buri section, covers a total distance of 34.5 kilometers with 30 stations. The Line starts at Tiwanon Road run along Chaeng Watthana Road and Ram Inthra Road before ending at Min Buri. The Line connects 4 interchanges namely the MRT Purple Line at Nonthanuri Civic Center station; The SRT Red Line at Lak Si station; the Green Line at Wat Phra Sri Mahathat station; and the Orange Line at Min Buri station. Its Park and Ride Building and depot are located near Min Buri station.

The Yellow Line Monorail Project, Lad Prao – Sam Rong section, covers a total distance of 30.4 kilometers with 23 stations. The line starts at the intersection of Ratachadapisek and Lat Phrao road and terminated at Thepha Rak Road. The Yellow Line connects 4 interchanges namely the MRT Blue Line at Ratchada station; the Airport Rail Link at Pattanakan station; the Orange Line at Yaek Lamsalee station; and the Green Line at Sam Rong station. Its Park and Ride Building and depot are located adjacent to Si Iam station.