True sells debentures. Fixed interest 3.30-4.60%
Date 06 Jan 2021 Time 22:15
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True opens the debenture sale No. 1/2021 in the middle of February. Fixed interest 3.30-4.60% p.a.
True Group emphasizes potential of digital telecommunication infrastructure leader Combine the strength of the mobile network Broadband internet And a complete digital service Ready to bring 5G technology to create intelligence to a new and sustainable world together Prepare to offer the name of the debenture holders. The type is not subordinated, without insurance, and has a bondholder representative. Offering to general investors (Public Offering) 4 sets of bond tenure ranging from 2 years 9 months to 5 years 9 months with fixed interest rate between 3.30-4.60% per annum. The Company and debentures are rated for credit rating. At the BBB + level, the “stable” outlook by TRIS Rating Company Limited on December 1, 2020, has appointed Bangkok Bank, Kasikorn Siam Commercial Bank and CIMB Thai as the underwriter for the debentures. And Bank of Ayudhya Be a representative of bondholders It is expected to open for subscription in mid-February 2021.
Ms. Yupa Lee Wongcharoen, Chief Financial Officer of True Corporation Plc., Said that True Group focuses on developing networks and services. To continuously create the best user experience Continues to fully penetrate the market after receiving a frequency license for telecommunications business in the 700 megahertz (MHz) area, which will increase the service potential of True 5G, reinforcing the leader of better, faster, faster, and the only smart network Complete with all frequency bands Complementing with the true digital ecosystem of the True Group To increase competitiveness during the full digital transition Along with adding options for investors to transform Thailand and create intelligence into a new and sustainable world together. True has submitted a registration statement for the offering of securities To the Securities and Exchange Commission (SEC) to issue and offer debentures of True Corporation Plc. Or TRUE No. 1/2021 to general investors (Public Offering) to bring The proceeds from the sale of the bonds this time Used to repay debentures due to maturity of the Company and its subsidiaries. And pay for the spectrum license As well as support the growth of digital services that will leapfrog the company’s growth. It is expected that the subscription and investors will be able to request the prospectus in mid-February 2021.
Debentures of True Corporation Plc. 1/2021 to be offered for sale this time Is a debenture holder name type The type is not subordinated, without insurance, and has a bondholder representative. Interest is paid every 3 months throughout the life of the debentures. The minimum subscription amount is 100,000 baht and multiples of 100,000 baht per time by the company and the debentures of the company. Has been rated BBB + credit rating outlook “Stable” by TRIS Rating Company Limited on December 1, 2020, preparing to offer 4 copies to general investors (Public Offering) as follows:
1. Debenture Series 1, 2 years, 9 months, fixed interest rate (3.30-3.50)% p.a.
2. Debenture Series 2, 3 years, 9 months, fixed interest rate (3.70-4.00)% p.a.
3. Debenture Series 3, 4 years, 9 months, fixed interest rate (4.20-4.40)% per annum
4. Debenture Series 4, 5 years, 9 months, fixed interest rate (4.45-4.60)% per annum
However, the company is in the process of filing a registration statement. And a draft prospectus, which is not yet in effect As the SEC’s consideration is pending, investors can learn more from the registration statement for debt securities offering. And draft the prospectus www.sec.or.th or ask for details at the underwriter of 4 debentures: Bangkok Bank Kasikorn Bank Siam Commercial Bank And CIMB Thai Bank
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