continues to increase and was moving in line with the world economy which related to global steel consumption increased. The overall steel market prices have risen over the second half of 2017 especially in
increase and was moving in line with the world economy. Many countries trying to stimulate their economies by issuing trade promotion policies to support the export of steel together with encourage to use of
. Implementation 34 5. Moving Forward 35 THE INVESTMENT GOVERNANCE CODE PRINCIPLES Principle 1 Adopt a Clear Written Investment Governance Policy 37 Principle 2 Properly Prevent and Manage Conflicts of Interest and
the stated policy of 30% of net profits. TRIS has reaffirmed IVL’s AA- rating after the announcement of the Spindletop (Huntsman EO & PO assets) acquisition. Perpetual debenture was refinanced at 200
Net operating debt to equity at 0.61 times with strong operating cash flow. Dividend payout remain much higher than its stated policy of 30% of net profits. Perpetual debenture of THB 15b refinanced at
) (134) (905)% 49% Proceed from perpetual debentures (0) 22 0 - - (Increase)/Decrease in Net Debt on cash basis3 45 (1,918) 37 - 22% *2Q19 Core Financials exclude IRSL 1 Includes inventory gains/ (losses
project life. Issuance of Perpetual Debentures In November 2019, B.Grimm issued subordinated perpetual debentures of Baht 8,000 million through the Public Offering with overdemand by institutional and
กำรไถ่ถอนก่อนก ำหนด (puttable / callable) - หุ้นกู้สกุลเงินตรำต่ำงประเทศ (FX bond) - หุ้นกู้ที่ไม่ก ำหนดระยะเวลำไถ่ถอน (perpetual) - หุ้นกู้ที่ไม่ได้รบักำรจัดอนัดบัควำมน่ำเชื่อถือ (unrated) - หุ้นกู้ที่
กำรไถ่ถอนก่อนก ำหนด (puttable / callable) - หุ้นกู้สกุลเงินตรำต่ำงประเทศ (FX bond) - หุ้นกู้ที่ไม่ก ำหนดระยะเวลำไถ่ถอน (perpetual) - หุ้นกู้ที่ไมไ่ด้รบักำรจัดอนัดบัควำมน่ำเชื่อถือ (unrated) - หุ้นกู้ที่
or Bill of Exchange REIT Bond or Infra Trust Bond Perpetual Bond or Subordinated Bond Offering of debt securities by Thai government agencies Bonds denominated in foreign currencies Debt securities