Bangkok, 24 October 2019: Mr. Aloke Lohia, Group Chief Executive Officer of Indorama Ventures PCL (IVL), a world-class chemicals company, and representatives from four leading financial institutions as lead underwriters, including Mr. Narin Opamuratawongse, Executive Vice President and Manager, Investment Banking Division, BBL, Mr. Thiti Tantikulanan, Capital Markets Business Division Head, KBANK, Mr. Rawin Boonyanusasna, Senior Executive Vice President Group Head, Managing Director, Global Markets Group, KTB, and Mr. Wasin Saiyawan, Senior Executive Vice President, Chief Wholesale Banking Officer, SCB, announced their readiness to offer IVL’s THB 15 billion subordinated perpetual debentures to the public. The issue, which received a credit rating of A with a Stable outlook and a coupon rate for the first five years of 5.00% per annum, will be offered to retail investors tentatively during 4-7 November 2019. The company also confirms that the terms and conditions of the new subordinated perpetual debentures are in compliance with the new accounting standard, TAS 32, which will become effective from 1st January 2020 - enabling the subordinated perpetual debentures to be qualified as equity on the company’s balance sheet.

Persons in the photo (from left to right)

  1. Mr. Ashok Jain, Senior Vice President, Corporate Finance & Accounts, IVL
  2. Mr. Narin Opamuratawongse, Executive Vice President and Manager, Investment Banking Division, BBL
  3. Mr. Sanjay Ahuja, Chief Financial Officer, IVL
  4. Mr. Wasin Saiyawan, Senior Executive Vice President, Chief Wholesale Banking Officer, SCB
  5. Mr. Aloke Lohia, Group Chief Executive Officer of IVL
  6. Mr. Thiti Tantikulanan, Capital Markets Business Division Head, KBANK
  7. Mr. Dilip Kumar Agarwal, Chief Executive Officer of Feedstock and PET Business, IVL
  8. Mr. Rawin Boonyanusasna, Senior Executive Vice President Group Head, Managing Director, Global Markets Group, KTB

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About Indorama Ventures

Indorama Ventures Public Company Limited, listed in Thailand (Bloomberg ticker IVL.TB), is one of the world’s leading petrochemicals producers, with a global manufacturing footprint across Africa, Asia, Europe and Americas. The company’s portfolio comprises Integrated PET, Fibers, Packaging, Specialty Chemicals and Olefins. Indorama Ventures products serve major FMCG and Automotive sectors, i.e. Beverages, Hygiene, Personal Care, Tire and Safety segments. Indorama Ventures has approx. 19,000 employees worldwide and consolidated revenue of US$ 10.7 billion in 2018. The Company is listed in the Dow Jones Sustainability Index (DJSI).

Indorama Ventures is headquartered in Bangkok, Thailand with global operating sites in

EMEA: The Netherlands, Germany, Ireland, France, UK, Italy, Denmark, Lithuania, Poland, Czech Republic, Luxembourg, Spain, Turkey, Nigeria, Ghana, Portugal, Israel, Egypt, Russia, Slovakia, Austria
Americas: USA, Mexico, Canada, Brazil
Asia: Thailand, Indonesia, China, India, the Philippines, Myanmar

Note:
This document contains “forward-looking statements” about the financial condition and results of operations of Indorama Ventures Public Company Limited (the “Company”), which are based on management’s current beliefs, assumptions, expectations and projections about future economic performance and events, considering the information currently available to the management. Any statements preceded by, followed by or that include the words “targets”, “believes”, “expects”, “aims”, “intends”, “will”, “may”, “anticipates”, “would”, “plans”, “could”, “should, “predicts”, “projects”, “estimates”, “foresees” or similar expressions or the negative thereof, identify or signal the presence of forward-looking statements as well as predictions, projections and forecasts of the economy or economic trends of the markets, which are not necessarily indicative of the future or likely performance of the Company. Results given here are “Core”, which means excluding inventory gain/losses and one-time extraordinary items.