BANGKOK, 3 November, 2022 - BTS Group Holdings Public Company Limited or BTS Group announces coupon range for its offering of sustainability-linked bonds (SLB) under the placement of Public Offering (PO) for the first time in Thailand. The offering consists of 4 tranches with the tenors ranging from approximately 2 years to 10 years, with coupon range between 2.80% - 4.70% per annum. Interest payment for SLB will be paid semi-annually. The subscription period for the SLB is expected to take place during 25 and 28-29 November 2022. BTS Group appoints 5 leading financial institutions, including Bangkok Bank, Krung Thai Bank, Kasikornbank, Siam Commercial Bank, and CIMB Thai Bank, as joint lead arrangers. The SLBs were rated “A” by TRIS Rating on September 19, 2022.

The 4-tranches of the SLB consists of 1 year 11 months and 30 days with coupon range between 2.80% - 2.95% per annum, 4 years 5 months and 29 days with coupon range between 3.70% - 3.85% per annum, 7 years 5 months and 29 days with coupon range between 4.20% - 4.35% per annum, and 9 years 11 month and 30 days with coupon range between 4.55% - 4.70% per annum. Interest payment term will be on semi-annual basis. The final interest rate will be announced later.

Mr. Surayut Thaweekulwat, Chief Financial Officer, BTS Group Holdings Public Company Limited, the issuer of the first-ever in Thailand 'Sustainability-Linked Bonds (SLB)' to general public, revealed that BTS Group is confident that "Sustainability-linked Bonds" will receive warm welcome from a general public. This is because SLB is the new paradigm of investment and that the issue of sustainability is no longer a matter of one person, but it is a responsibility of everyone. Also, the issuance represents a positive development in Thai capital market as it provides investors the opportunity to participate in ESG instrument along with the company who has long committed to this issue. Moreover, SLB provides attractive return on investment at acceptable risk level.

Thus, the Sustainability-linked bonds (SLB) are debentures that tie the issuer to certain conditions, depending on the achievement of the predetermined targets, i.e. Key Performance Indicators (KPIs) and Sustainability Performance Targets (SPTs). Such targets are required to be ambitious and material to the issuer as well as to have a positive impact on the environment and/or society. For BTS Group, there are 2 KPIs and SPTs that the company uses as the reference for this SLB issuance: 1) Improvement in energy efficiency in green line network (which is currently the main network); BTS Group has a target to reduce electricity consumption by 8% from business-as-usual operations within 9 years or by 2031, and 2) Production and/or procurement of Electricity consumption from renewable energy sources; the company has target to use electricity from renewable energy sources at least 10% each year of total electricity used in the operation of the green line network. Further details of KPIs and SPTs can be found in the registration statement and the draft prospectus (Filing).

“The issuance of BTS Group’s SLB is in line with the company's long-term Climate Strategy, that is to maintain Carbon Neutral status and to commit in increasing the use of electricity generated from renewable energy to at least 10% of total energy used for its operations.” Said Mr. Surayuth

Currently, the company is well-recognized for its sustainable business practices both nationally and internationally. The company has been included into the Dow Jones Sustainability Indices (DJSI) for 4 consecutive years (2018-2021), Selected as a member of the FTSE4Good Index Series for the year 2022 for the 6th consecutive year, and ranked first globally in the DJSI Transportation and Transportation Infrastructure (TRA) Sector for 2 consecutive years (2020-2021). Recently, it was selected to be the first and only rail transportation company in the world to be certified as a Carbon Neutral Transportation Company from Thailand Greenhouse Gas Management Organization.

Recently, BTS Group has been selected as one of 170 listed companies on the Thailand Sustainability Investment (THSI) list of the year 2022 by the Stock Exchange of Thailand, which are required to pass the selection criteria to be a sustainable stock in the service group (Services). BTS Group has been selected to be in THSI for the 4th consecutive year, reflecting its business operations as a listed company that focuses on developing the organization for sustainable growth. until it is accepted both in terms of operating results as well as being ethical Responsible to Stakeholders along with social care and environment or ESG (Environmental Social and Governance).

BTS Group’s SLB has a minimum subscription of 100,000 baht and a multiple of 100,000 baht. Currently, the Company is in the process of filing the registration statement and the draft prospectus, which are not yet effective. Investors who are interested to subscribe may find more information and details in the prospectus published on SEC’s website (www.sec.or.th) or may contact the followings 5 financial institutions:

1. Bangkok Bank Public Company Limited (except Micro Branches) Tel. 1333, or subscribe online via Bualuang mBanking application (https://www.bangkokbank.com/th-TH/Personal/Digital-Banking/Bualuang-mBanking/).
2. Krung Thai Bank Public Company Limited Tel. 02-111-1111, or book online via Krungthai NEXT application or via Money Connect by Krungthai (https://moneyconnect.krungthai.com/)
3. KASIKORNBANK Public Company Limited (Retail investors can subscribe via online channel (https://www.kasikornbank.com/kmyinvest), non-residents can subscribe at head office and branches) Tel. 02-888-8888 press 819, including KSecurities Public Company Limited, as a sales unit of KASIKORNBANK Public Company Limited, Tel. 02-796-0000 or 02-796-0011
4. The Siam Commercial Bank Public Company Limited Tel. 02-777-6784, or book online through the SCB EASY application.
5. CIMB Thai Bank Public Company Limited Tel. 02-626-7000, or book online through the CIMB Thai Digital Banking application.

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