- Coupon rates range from 3.00 – 3.85% per annum with tenors of 3 to 10 years
- Tentative Subscription period: May 2 and May 6–7, 2025
Bangkok, April 21, 2025 – True Corporation Plc, Thailand’s leading telecom-tech company and the global leader in sustainability with the highest DJSI 2024 score in the world in the telecommunications sector for seven consecutive years, announced new debenture offerings of five tranches with maturities ranging from 3 to 10 years and fixed coupon between 3.00% and 3.85% per annum, paid semi-annually. The debentures present an attractive investment opportunity amid a declining interest rate environment. In addition, the debentures are rated “A+” credit rating with a “Stable” outlook from TRIS Rating as of March 20, 2025, reflecting the company’s robust position in both telecommunications and digital technology businesses. The subscription period is set for May 2 and May 6–7, 2025, through seven leading financial institutions: Bangkok Bank, KASIKORNBANK, Siam Commercial Bank, CIMB Thai Bank, United Overseas Bank, Kiatnakin Phatra Securities, and Asia Plus Securities. Subscriptions can also be made via the TrueMoney Wallet app, with Bank of Ayudhya serving as the registrar and debenture holder representative.
Ms. Yupa Leewongcharoen, Chief Financial Officer (Co) of True Corporation Plc., stated, “TRUE group would like to offer the new five tranches of debenture with maturities ranging from 3 to 10 years to meet the preference of all investor groups, whether they are looking for short-term, medium-term, or long-term investments. Investors seeking regular interest payments will find the attractive yields and the company’s solid financial performance, making TRUE debentures a stable investment choice in the current volatile market conditions. The purpose of this debenture issuance is to extend a loan to a subsidiary for the repayment of its maturing debentures.
Given our ongoing improvements in both operations and financial performance, TRUE debentures present a compelling investment opportunity. Moreover, in light of the current downward trend in interest rates, they offer investors a chance to lock in stable, long-term returns.”
These new debentures are being offered to the general public, with maturities ranging from 3 to 10 years, are unsubordinated and unsecured with debentureholders’ representative. The company and its bonds are rated “A+” with a “Stable” outlook by TRIS Rating as of March 20, 2025. The debentures are expected to be available for subscription for May 2 and May 6–7, 2025, with a minimum subscription amount of THB 100,000 and multiple of THB 100,000. The coupon will be paid every 6 months throughout the debentures’ term with details as follows
1st Tranche: 3-year tenor with a fixed coupon rate of 3.00% per annum.
2nd Tranche: 4-year tenor with a fixed coupon rate of 3.30% per annum.
3rd Tranche: 5-year tenor with a fixed coupon rate of 3.50% per annum.
4th Tranche: 7-year tenor with a fixed coupon rate of 3.70% per annum.
5th Tranche: 10-year tenor with a fixed coupon rate of 3.85% per annum, with a call option since the 5th year.
The company is currently in the process of submitting the registration statement and draft prospectus, which are not yet effective and are pending approval by the Securities and Exchange Commission (SEC). Investors can find more details about the debenture offering and draft prospectus at www.sec.or.th. For additional information, please contact the seven joint lead arrangers listed below:
- Bangkok Bank Public Company Limited, all branches (excluding Micro Branch), or call 1333, or book online via Bangkok Bank Mobile Banking.
- KASIKORNBANK Public Company Limited, all branches, call 02 888 8888 ext. 869 (Retail investors can subscribe via online channel (https://www.kasikornbank.com/kmyinvest), non-residents can subscribe at head office and branches), including KASIKORN Securities Public Company Limited as the sales unit of KASIKORNBANK Public Company Limited.
- Siam Commercial Bank Public Company Limited., all branches, call 02 777 6784, or book online via SCB EASY app, including InnovestX Securities Co., Ltd. as an agent of Siam Commercial Bank Public Company Limited.
- CIMB Thai Bank Public Company Limited., all branches, call 02 626 7777, or book online via CIMB Thai app.
- United Overseas Bank (Thai) Public Company Limited, all branches, call 02 285 1555.
- Asia Plus Securities Co., Ltd., call 02 680 4004.
- Kiatnakin Phatra Securities Public Company Limited., call 02 165 5555, or book online via Dime! app, including Kiatnakin Phatra Bank Public Company Limited as an agent of Kiatnakin Phatra Securities Public Company Limited.
For those interested in subscribing via the TrueMoney Wallet, more information and instructions can be found at www.truemoney.com. For assistance with the application process, contact the staff of True Money Co., Ltd. at Tel. 1240, press 6.
