Thai Beverage Public Company Limited issued debentures with an aggregate principal amount of THB 13,035 million. The debentures carry an average annual coupon rate of 3.55% and have an average tenor of 5.50 years. The proceeds from the debenture issue will be used for refinancing of existing debt.

Following the refinancing of existing debt, the Company's unutilized credit facilities with the banks will increase accordingly. Each of the No.1/2022: 2029 Debenture and the No.1/2022: 2032 Debenture has been structured with a call option granting the Company an early redemption right, exercisable from the 5th anniversary of the date of debenture issue. The redemption fee is 0.20% of the principal amount of the debentures for which the Company exercises the early redemption right.