Eastwater (EASTW) launched the first debenture sale with a total amount of 1,600 million baht.

That Eastwater (EASTW) offered the sale of debentures in the amount of 1.6 billion baht reflected the confidence of investors both at present and in the future. The operation is together with continuing developing the pipeline network for an additional 120 km. to continuously build capacity and water security.

Mr. Cherdchai Pitiwatcharakul, Managing Director of Eastern Water Resources Development and Management Public Company Limited or Eastwater (EASTW), revealed that Eastwater (EASTW) issued the debentures No. 1/2565 on 31^st May, 2022, in the type specifying the name of the holder, non-subordinated right, unsecured, and with the debenture holder representatives in the total value of 1,600 million baht. This was the offer to institutional investors and/or major investors authorized by the Securities and Exchange Commission.

The debentures offered to sell to the institutional investors and high net worth investors were divided into the first tranche of debentures of 850 million baht with a maturity of 5 years and an interest rate of 3.53% and the second tranche in the amount of 750 million baht with a maturity of 10 years and an interest rate of 4.52%. For both tranches, the interest would be paid every 6 months throughout the debenture term. Such debentures had been rated by TRIS Rating Co., Ltd. on 8^th April, 2022, at A+ level with a negative outlook having Bank of Ayudhya PCL as the debenture underwriter, debenture holder representative and debenture registrar.

Eastwater (EASTW) would like to thank all investors for their trust in the debentures and to financial institutes as the bond underwriters which made this debenture offering a great success. Previously, Eastwater had been awarded certificates to honor companies accredited by Private Sector Collective Action against Corruption (CAC) to emphasize on efficiency, transparency, acceptance of participation, and verifiability. The business must be operated on the basis of transparency, corporate governance and sustainability as well as taking into account the stakeholders to achieve the goal of adequate water management for all sectors including improving the quality of life of the community for sustainable growth

Eastwater (EASTW) will continue to move forward into its 4^th decade in order to create full water security for the potential of the water pipeline network to accommodate the increasing demand for water creating sustainable growth.