Financial Strategies IRPC aims for the efficiency in financial management, namely reasonable and suitable financial structure, funding and financial costs that is able to support the company’s operations and investment projects. This also includes complete, correct, and up-to-date information disclosure to shareholders, analysts, investors, financial institutions and the general public on a regular basis. The major financial strategies in 2021 are listed below: Short-term Loans: • Renewal of loan agreement between IRPC and PTT Public Company Limited for efficient management of financial liquidity between companies in PTT Group, with a borrowing loan limit of Baht 10,000 million and Baht 1,500 million in lending amount. • Renewal of Baht 19,640 million Domestic Letter of Credit (DLC) with local financial institutions for crude oil payment period extension with PTT Public Company Limited to 90 days. Financial derivatives procurement Procurement of financial derivatives is one way of structuring foreign-currency finances with loans/ debentures/ derivatives in order to balance the foreign-currency profit (Natural Hedge). 96 IRPC PUBLIC COMPANY LIMITED 56-1 ONE REPORT 2021
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