Page 81 - BTSGroup ONE REPORT 2021/22_EN

BTS Group Holdings Public Company Limited 4.1 Capital Markets Review and IR Activities 79
Annual Report 2021/22

On 26 December 2017, BTS Group issued THB 7,000mn of senior unsecured On 8 November 2021, BTSC issued series of Green Bond in the amount of
debentures. The debentures were issued in four tranches due in 2020, 2022, THB 10,200mn. The new Green Bond was issued in 4 tranches due in 2024,
2027, and 2029 with an average coupon rate of 3.17%. The proceeds will 2026, 2028 and 2031 with an average coupon rate of 3.06%. The proceeds
mainly be used for repayment of existing debts and/or investment and/or will be used for investment and debt repayment of the Eligible Green Projects
financing the working capital of the Company. which are the Pink and Yellow Lines.

On 7 September 2018, BTS Group issued THB 9,500mn of senior unsecured On 6 May 2022, BTS Group successfully issued senior unsecured Sustainability-
debentures. The debentures were issued in three tranches due in 2020, 2023 Linked Bonds (SLB) to institutional and high-net-worth investors valued at
and 2028 with an average coupon rate of 3.38%. The proceeds will mainly be THB 11,000mn (rated A, negative outlook by TRIS). The Bonds received
used for repayment of existing debts and/or investment and/or financing warm responses with more than 1.67 times oversubscription on BTSG’s initial
the working capital of the Company. target issue size of THB 8,000mn. Therefore, BTS Group decided to exercise
a greenshoe option of THB 3,000mn. The SLB consists of 4 tranches due
On 24 May 2019, BTS Group issued THB 13,000mn unsubordinated and in 2025, 2027, 2029 and 2032 with an average coupon rate of 3.99%.
unsecured debentures (“Green Bond”). This Green Bond is the first Thai Green The proceeds will be used for debt refinancing.
Bond issued under official SEC regulation which also meets the International
Capital Market Association’s (ICMA) Green Bond Principles & ASEAN Green Investor Relations
Bond Standards. The Green Bond was issued in 5 tranches due in 2021, 2022, The Company places a high priority on a professional Investor Relations (IR)
2024, 2026 and 2029 with an average coupon rate of 3.41%. The proceeds function. The aim of the IR function is to establish and maintain open, accurate,
will be mainly used for debt repayment of Eligible Green Projects which are relevant and timely communications with existing and potential investors
the Pink (Khae Rai to Min Buri; 34.5km, 30 stations) and Yellow (Lad Prao to and shareholders, which is executed through several IR products such as
Sam Rong; 30.4km, 23 stations) Lines. Management Discussion and Analysis, quarterly IR Newsletters and company
presentations. These materials are available publicly on the SET website,
On 6 November 2020, BTS Group issued the 2nd series of Green Bond in the the Company’s website as well as distributed to the investment community
amount of THB 8,600mn. The new Green Bond was issued in 5 tranches through e-mail and social media platforms. The IR function reports directly to
due in 2022, 2023, 2025, 2027 and 2030 with an average coupon rate of the Chief Investment Officer and works closely with all members of the Group,
2.72%. The proceeds will be used for investment and debt repayment of including the finance functions and executive management of each business
the abovementioned Eligible Green Projects which are the Pink and Yellow Lines. unit. The IR unit has both a 1-year and 3-year plan and provides updates to

the Executive Committee or the Board of Directors on a regular basis.
On 6 July 2021, BTS Group the Company issued THB 13,000mn of senior
unsecured debentures. The debentures were issued in three tranches due in Key performance indicators are established in order to align the goals of
2024, 2026 and 2031 with an average coupon rate of 3.21%. The proceeds the division with the goals of the Company. In short, these are related to enlarged
will mainly be used for repayment of existing debts and/or investment and/or visibility (such as number of meetings held, number of roadshows attended
financing the working capital of the Company.