BANGKOK, 11 November 2019: Indorama Ventures PCL. (IVL), a world-class chemical company, announced its successful offering of subordinated perpetual debentures to the amount of THB 15 billion, with a coupon of 5% per annum, paid quarterly. The subordinated perpetual debentures were assigned by TRIS an issue rating of “A” with a “Stable” outlook, while the company rating was “AA” with a “Stable” outlook.

Mr. Sanjay Ahuja, CFO of Indorama Ventures said, “The successful offering strengthens our financial profile and enable us to grow our business in line with our strategic plan. Contributing to the successful offering was the investor’s confidence in the growth prospects as well as potential, of IVL as a world-class chemical company that supplies products important for manufacturing in various consumer products and industrial products. I would like to express our heartfelt thanks to the investors for their trust.” The lead underwriters of the issuance were Bangkok Bank Public Company Limited, Kasikorn Bank Public Company Limited, Krungthai Bank Public Company Limited and The Siam Commercial Bank Public Company Limited.

As reported by Chemical Week magazine, IVL is the world’s 35th largest chemical company by total revenue in 2018. During 2014-2019, it has broadened its portfolio of businesses into Integrated PET, Fibers & yarns for apparel & home, hygiene and automotive, Integrated oxides and derivatives, Specialty Chemicals and Packaging. IVL has 102 operating sites in 31 countries across the world, including in Asia, the Americas, Europe and Africa, the company has relentlessly strengthened its competitive advantage and built a globally-integrated production platform to serve customers’ needs in all key markets.

In addition to business growth, IVL is committed itself to sustainable development, where benefits for the economy, society and environment are balanced. As part of that, IVL has declared its endorsement of the New Plastics Economy Global Commitment, a vision of a circular economy for plastic in which plastic never becomes waste or pollution. The company set a target of increasing its annual volume of recycled products to 750,000 tonnes and be ready to invest additional USD 1.5 billion to ensure it achieves this target by 2025.

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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. 20,000 employees worldwide and consolidated revenue of US$ 10.7 billion in 2018. The Company is listed in the Dow Jones Sustainability Indices (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.