{"id":24911,"date":"2025-03-21T15:35:54","date_gmt":"2025-03-21T08:35:54","guid":{"rendered":"https:\/\/trueblog.info\/blog\/?p=24911"},"modified":"2025-03-21T15:35:54","modified_gmt":"2025-03-21T08:35:54","slug":"true-debenture","status":"publish","type":"post","link":"https:\/\/www.true.th\/blog\/en\/true-debenture\/","title":{"rendered":"True Corporation Announcing New Debenture Offering: Strong Fundamentals and Stable Returns for Investors"},"content":{"rendered":"<ul style=\"font-weight: 400;\">\n<li><strong>Fixed coupon rates ranging from [3.00 \u2013 3.95]% per annum, payable semi-annually; with credit rating of \u201cA+\u201d\/\u201cStable\u201d outlook<\/strong><\/li>\n<li><strong>Expected subscription period for retail investors during May 2 and May 6-7, 2025<\/strong><\/li>\n<\/ul>\n<p style=\"font-weight: 400;\"><strong>\u00a0<\/strong><\/p>\n<p style=\"font-weight: 400;\"><strong>Bangkok, March 21, 2025 \u2013 <\/strong>True Corporation Plc, Thailand&#8217;s leading telecom-tech company and ranked first in the world for DJSI Sustainability Index 2024 in the telecommunication industry for the seventh consecutive years, is preparing to offer new five tranches of debentures with maturities ranging from 3 to 10 years, and with fixed interest rates between [3.00 \u2013 3.95]% per annum, payable semi-annually. The Company and its debentures have maintained an \u201cA+&#8221; credit rating with a &#8220;Stable&#8221; outlook from TRIS Rating, reflecting True Corporation&#8217;s strengths in both the telecommunications and digital technology sectors. The subscription period is expected to be during May 2 and May 6-7, 2025, through seven leading financial institutions: Bangkok Bank, KASIKORNBANK, Siam Commercial Bank, CIMB Thai Bank, United Overseas Bank (Thai), Kiatnakin Phatra Securities, and Asia Plus Securities, as well as through the TrueMoney Wallet app, with Krungsri Bank serving as the registrar and representative for debenture holders.<\/p>\n<p style=\"font-weight: 400;\"><strong>Ms. Yupa Leewongcharoen, Chief Financial Officer (Co) of True Corporation Plc.<\/strong>, stated that \u201cTrue Corporation has reaffirmed its position as Thailand&#8217;s leading telecom-tech company. The amalgamation of True and dtac, now in its second year, has significantly strengthened the company\u2019s scale and capabilities, driving sustainable growth. This is reflected in our strong financial performance in 2024, with total service revenue (excluding interconnection charges) reaching THB 166 billion, a 4.6% increase from the previous year. EBITDA grew 14.5% to THB 98.1 billion, while adjusted net profit was THB 9.9 billion. EBITDA has now presented consistent growth for eight consecutive quarters. For 2025, True Corporation projects to generate a net profit after tax.\u201d<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-24908\" src=\"https:\/\/trueblog.info\/blog\/wp-content\/uploads\/2025\/03\/TRUE_CFOco_0110-scaled.jpg\" alt=\"\" width=\"2560\" height=\"1707\" srcset=\"https:\/\/www.true.th\/blog\/wp-content\/uploads\/2025\/03\/TRUE_CFOco_0110-scaled.jpg 2560w, https:\/\/www.true.th\/blog\/wp-content\/uploads\/2025\/03\/TRUE_CFOco_0110-300x200.jpg 300w, https:\/\/www.true.th\/blog\/wp-content\/uploads\/2025\/03\/TRUE_CFOco_0110-1024x683.jpg 1024w, https:\/\/www.true.th\/blog\/wp-content\/uploads\/2025\/03\/TRUE_CFOco_0110-768x512.jpg 768w, https:\/\/www.true.th\/blog\/wp-content\/uploads\/2025\/03\/TRUE_CFOco_0110-1536x1024.jpg 1536w, https:\/\/www.true.th\/blog\/wp-content\/uploads\/2025\/03\/TRUE_CFOco_0110-2048x1365.jpg 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/p>\n<p style=\"font-weight: 400;\">Furthermore, on March 11, 2025, True Corporation announced a top-level management restructuring aimed at strengthening its executive team and driving the company\u2019s transformation into a world-class tech company. The key appointments include a Group CEO, overseeing the company\u2019s overall strategic direction, a President\/CEO of Enterprise &amp; Data Business, leading the company\u2019s core Digital, Online, TrueVisions, Enterprise and Data Business to accelerate True\u2019s digital transformation in response to future global changes; and a President\/CEO \u2013 Consumer Business, leading the Mobile Business and Customer Services, responsible for the mobile business group, overseeing the company\u2019s mobile customers. This restructuring reflects True Corporation\u2019s long-term vision to navigate industry challenges and strengthen its financial position.<\/p>\n<p style=\"font-weight: 400;\">The Company and the new debentures offered have been rated &#8220;A+&#8221; with a &#8220;Stable&#8221; outlook by TRIS Rating Co., Ltd. on 20 March 2025. This rating reflects the company\u2019s strong market leadership in the mobile and broadband sectors, supported by nationwide network coverage, a comprehensive frequency spectrum, and a well-recognized brand name. Furthermore, the company is expected to continue benefiting from post-merger synergies and enhanced operational efficiency.<\/p>\n<p style=\"font-weight: 400;\">The arrangers of the transaction added, \u201cThe Bank of Thailand\u2019s recent policy rate cut of 0.25% on February 26, 2025, along with expectations for another rate cut in June 2025 meeting, presents an investment opportunity for investors to lock in stable returns. Investors seeking high-quality debentures with an \u2018A+\u2019 credit rating and a \u2018Stable\u2019 outlook will find True Corporation\u2019s issuance an attractive option at this time.\u201d<\/p>\n<p style=\"font-weight: 400;\">The debentures is public offering with maturities ranging from 3 to 10 years, catering to investors across all groups, whether they are seeking short-term, medium-term, or long-term investments. The objectives of this issuance include using the funds raised to repay outstanding debts. The debentures are unsubordinated and unsecured with a debentureholders\u2019 representative, and coupons are payable semi-annually. Subscriptions periods are expected to be during May 2 and May 6-7, 2025, with a minimum subscription amount of 100,000 baht and increments of 100,000 baht. The company anticipates that the debentures offered in this issuance will received favorable feedback from investors, as they have in the past.<\/p>\n<p style=\"font-weight: 400;\">The details of all five series of debentures are as follows:<\/p>\n<ul style=\"font-weight: 400;\">\n<li>1st Tranche: 3-year tenor with a fixed coupon rate of [3.00 &#8211; 3.15]% per annum<\/li>\n<li>2nd Tranche: 4-year tenor with a fixed coupon rate of [3.30 &#8211; 3.45]% per annum<\/li>\n<li>3rd Tranche: 5-year tenor with a fixed coupon rate of [3.45 &#8211; 3.60]% per annum<\/li>\n<li>4th Tranche: 7-year tenor with a fixed coupon rate of [3.65 &#8211; 3.80]% per annum<\/li>\n<li>5th Tranche: 10-year tenor with a fixed coupon rate of [3.80 \u2013 3.95]% per annum, with a call option since the 5<sup>th<\/sup>year.<\/li>\n<\/ul>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-24909\" src=\"https:\/\/trueblog.info\/blog\/wp-content\/uploads\/2025\/03\/TRUE-Mar2025_1200x800.jpg\" alt=\"\" width=\"1200\" height=\"800\" srcset=\"https:\/\/www.true.th\/blog\/wp-content\/uploads\/2025\/03\/TRUE-Mar2025_1200x800.jpg 1200w, https:\/\/www.true.th\/blog\/wp-content\/uploads\/2025\/03\/TRUE-Mar2025_1200x800-300x200.jpg 300w, https:\/\/www.true.th\/blog\/wp-content\/uploads\/2025\/03\/TRUE-Mar2025_1200x800-1024x683.jpg 1024w, https:\/\/www.true.th\/blog\/wp-content\/uploads\/2025\/03\/TRUE-Mar2025_1200x800-768x512.jpg 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<p style=\"font-weight: 400;\">The company is currently in the process of filing a registration statement and draft prospectus, which are not yet effective and are pending approval by the Securities and Exchange Commission (SEC). Interested investors can find more details about the debenture offering and draft prospectus at <a href=\"http:\/\/www.sec.or.th\" data-outlook-id=\"6a1c77f5-692d-4a49-8fd1-322bc4837c30\" target=\"_blank\" rel=\"noopener\">www.sec.or.th<\/a>. For additional information, please contact the seven joint lead arrangers listed below:<\/p>\n<p>&nbsp;<\/p>\n<ul style=\"font-weight: 400;\">\n<li>Bangkok Bank Public Company Limited, all branches (excluding Micro Branch), or call 1333, or book online via Bangkok Bank Mobile Banking.<\/li>\n<li>KASIKORNBANK Public Company Limited, all branches, call 02 888 8888 ext. 869 (Retail investors can subscribe via online channel (<a href=\"https:\/\/www.kasikornbank.com\/kmyinvest\" data-outlook-id=\"36f39aef-1d7f-4fd3-b827-6cd383f569f1\" target=\"_blank\" rel=\"noopener\">https:\/\/www.kasikornbank.com\/kmyinvest<\/a>), non-residents can subscribe at head office and branches), including KASIKORN Securities Public Company Limited as the sales unit of KASIKORNBANK Public Company Limited.<\/li>\n<li>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.<\/li>\n<li>CIMB Thai Bank Public Company Limited., all branches, call 02 626 7777, or book online via CIMB Thai app.<\/li>\n<li>United Overseas Bank (Thai) Public Company Limited, all branches, call 02 285 1555.<\/li>\n<li>Asia Plus Securities Co., Ltd., call 02 680 4004.<\/li>\n<li>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.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p style=\"font-weight: 400;\">For those interested in subscribing via the TrueMoney Wallet, more information and instructions can be found at <a href=\"http:\/\/www.truemoney.com\" data-outlook-id=\"3407a25e-a101-425c-b7b2-70193963b4a8\" target=\"_blank\" rel=\"noopener\">www.truemoney.com<\/a>. For assistance with the application process, contact the staff of True Money Co., Ltd. at Tel. 1240, press 6.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fixed coupon rates ranging from [3.00 \u2013 3.95]% per annum, payable semi-annually; with credit rating of \u201cA+\u201d\/\u201cStable\u201d outlook Expected subscription period for retail investors during May 2 and May 6-7, 2025 \u00a0 Bangkok, March 21, 2025 \u2013 True Corporation Plc, Thailand&#8217;s leading telecom-tech company and ranked first in the world for DJSI Sustainability Index 2024 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":24909,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[312,304,161,308],"tags":[2260],"class_list":["post-24911","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bettertogether-en","category-dtac-en","category-releases-en","category-true-en-en","tag-debenture-en"],"acf":[],"author_data":{"id":2,"name":"True Blog Team","avatar":"https:\/\/secure.gravatar.com\/avatar\/09ce4bad220763db03bedaef2d0f675dea27f54b224f90103bc7d9e8cf43f1c9?s=96&d=mm&r=g"},"_links":{"self":[{"href":"https:\/\/www.true.th\/blog\/wp-json\/wp\/v2\/posts\/24911","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.true.th\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.true.th\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.true.th\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.true.th\/blog\/wp-json\/wp\/v2\/comments?post=24911"}],"version-history":[{"count":1,"href":"https:\/\/www.true.th\/blog\/wp-json\/wp\/v2\/posts\/24911\/revisions"}],"predecessor-version":[{"id":24912,"href":"https:\/\/www.true.th\/blog\/wp-json\/wp\/v2\/posts\/24911\/revisions\/24912"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.true.th\/blog\/wp-json\/wp\/v2\/media\/24909"}],"wp:attachment":[{"href":"https:\/\/www.true.th\/blog\/wp-json\/wp\/v2\/media?parent=24911"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.true.th\/blog\/wp-json\/wp\/v2\/categories?post=24911"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.true.th\/blog\/wp-json\/wp\/v2\/tags?post=24911"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}