True Corporation Public Company Limited is preparing to offer 5 sets of new bonds to investors, with a tenor of bonds ranging from 1 year to 10 years, with a fixed interest rate between [3.12-4.80]% per year with a credit rating of A+ with a “stable” trend from TRIS Ratings It is expected that reservations will be open between 2 – 6 November 2023, with Bangkok Bank, Kasikorn Bank, Siam Commercial Bank, Krungsri Ayudhya, CIMB Thai and UOB serving as distributors. Including sales through the TrueMoney Wallet application with the Bank of Ayudhya. Serve as the bond registrar and bondholder representative
Ms. Yupa Leewongcharoen, Chief Financial Officer (Joint) of True Corporation Public Company Limited, said: This issuance of bonds under the new company “True Corporation” which has a stronger foundation later. Combining strengths between True and DTAC Increase our full potential and readiness as Thailand’s number 1 leading telecommunications-technology company, with the largest number of mobile phone and broadband customers in the country. The company is confident that it will be well received by general investors. who want to invest in stable companies A group of industries that have benefited from economic and tourism expansion and provide good returns on investment for the future. Especially for investors who are general public who want to invest in stable bonds issued by nationally famous companies. We give importance to enhancing our operations. and deliver better value to consumers and businesses Creating new innovations To join in driving the Thai economy and society Ready to provide opportunities for investors to grow together with new companies that are ready to grow continuously. Especially digital businesses with high growth potential.
The company and its bonds received a credit rating of A+ with a “stable” outlook from TRIS Rating Company Limited on September 27, 2023, reflecting an improved financial and business risk profile. Both have a strong market position in the mobile phone and broadband internet markets. Strengthen the army with a nationwide network Comprehensive frequency set and brand names that consumers are familiar with There are also positive factors at the macro-economic level, such as the expected growth of Thailand’s GDP due to the recovery of the tourism sector after the COVID-19 situation. Starting to return to normal
The debentures will be offered for sale to investors in general (Public Offering) with the objective of using the proceeds from the debenture issuance to repay debenture debt and/or loans that will mature. as well as being used as working capital to support the growth of the company It is a type of debenture with the name of the holder. Unsubordinated, unsecured type with bondholder representatives Interest is paid every 3 months for the life of the bond. It is expected that reservations will be open between 2 – 6 November 2023, minimum subscription value of 100,000 baht and multiples of 100,000 baht each time, offered for sale in 5 sets as follows.
1. First set of bonds, 1 year term, fixed interest rate. [3.12-3.22]% per year
2. The second set of bonds has a term of 3 years and 3 months, a fixed interest rate. [3.70-3.85]% per year
3. Debenture No. 3, term 5 years, fixed interest rate. [4.00-4.15]% per year
4. Debenture No. 4, tenor 7 years, fixed interest rate. [4.35-4.45]% per year
5. Debenture No. 5, tenor 10 years, fixed interest rate. [4.50-4.80]% per year (where the bond issuer has the right to redeem the bond when the bond reaches the end of the 5th year)
2023-10-02 15:13:00
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