Stock news 11:49 a.m. 2024-01-09
True Corporation Public Company Limited (TRUE) has filed a registration statement for the offering of debt securities. and draft a prospectus to the Office of the Securities and Exchange Commission (SEC) to offer new bonds of True Corporation Public Company Limited (TRUE) for sale to the general public (Public Offering), which is Name-specified debentures Unsubordinated, unsecured type with bondholder representatives and is expected to open for subscription between 26 – 30 January 2024. On Saturday, 27th and Sunday, 28th January 2024, subscriptions will be open for purchase through Bangkok Bank and Siam Commercial Bank. Only through online channels Minimum subscription value of 100,000 baht and multiples of 100,000 baht per time for general investors.
Ms. Yupa Leewongcharoen, Chief Financial Officer (Co) of TRUE, said that the new TRUE bonds have maturities between 1 year, 3 months and 10 years to support the needs of all groups of investors. Investors who like to invest in the short term can choose to invest in models from 1 year 3 months to 3 years and 3 months. Investors who like to invest in the medium term can choose to invest in models of 5 years and 3 months, or investors who like to invest for the long term and want interest. To use for daily expenses, you may choose to invest in the 10-year model because it gives a higher return.
Interest rates for all 5 new TRUE bonds are as follows:
- First set of bonds, tenor 1 year 3 months, fixed interest rate 3.15% per year.
- The second set of bonds has a term of 2 years and 6 months, a fixed interest rate of 3.70% per year.
- The third set of bonds has a term of 3 years and 3 months, a fixed interest rate of 3.85% per year.
- Debenture set 4, term 5 years 3 months, fixed interest rate 4.20% per year.
- The fifth series of bonds has a term of 10 years, a fixed interest rate of 4.60% per year (the issuer has the right to redeem the bonds when the bonds reach the end of the 5th year).
“This is a good opportunity for TUC bondholders whose redemption is due in January. that has continued to invest Before the announcement of the policy interest rate cut in 2024 as expected. After major central banks such as the US Federal Reserve European Central Bank and the Bank of England Starting to signal an interest rate cut in 2024 after inflation began to show signs of slowing down. This makes investing in bonds, which provide fixed returns, an attractive alternative. During the period when the central banks of various countries There has been no real interest rate cut yet.”
Ms. Yupa added.
The Company and TRUE bonds received a credit rating of “A+” with a credit rating outlook of “Stable” (“stable”) from TRIS Rating Company Limited on September 27, 2023, which shows to a better financial and business risk status It also has a strong market position in the mobile phone and broadband internet markets. Strengthen the army with a nationwide network Comprehensive frequency set and brand name that consumers trust
Distribution managers include: Bangkok Bank all branches (except micro branches) or reserve online through Bualuang mBanking, Kasikorn Bank all branches or reserve online through (except for foreign nationals and juristic persons, can subscribe through the head office and branches) and includes Kasikorn Securities Company as a sales agency of Kasikorn Bank, all branches of Siam Commercial Bank, or reserve online through the SCB EASY app and include To Innovest Asia Plus Securities, including sales through the TrueMoney Wallet application
The purpose of this bond issuance Part of the proceeds from this bond issuance will be used to repay the bond debt and/or to use as working capital to support the company’s growth. The company plans to repay the bonds of True Move H Uni. Versailles Communication Co., Ltd. or TUC, a subsidiary of the Company that will be due for redemption on January 15 and 24, 2024 first to allow investors who are interested in continued investment to be able to return the money received Come subscribe to buy a new set of TRUE bonds.
By InfoQuest News Agency (09 Jan. 2024)
Tags: TRUE, True Corporation, Yupa Leewongcharoen, bonds, Thai stocks
2024-01-09 04:58:08
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