{"id":27137,"date":"2025-09-12T10:33:16","date_gmt":"2025-09-12T03:33:16","guid":{"rendered":"https:\/\/trueblog.info\/blog\/?p=27137"},"modified":"2025-09-18T18:41:06","modified_gmt":"2025-09-18T11:41:06","slug":"truedebenture-2","status":"publish","type":"post","link":"https:\/\/www.true.th\/blog\/en\/truedebenture-2\/","title":{"rendered":"True Corporation to Offer New \u201cA+\u201d Rated Debentures Stable Investment Choice to Strengthen Portfolios and Benefit from Long-Term Growth"},"content":{"rendered":"

\u2022 Fixed coupon rates between [2.60 \u2013 3.55]% per annum, with semi-annual interest payments<\/em>
\n\u2022 Subscription expected on October 30\u201331 and November 3, 2025<\/em><\/p>\n

Bangkok, September 12, 2025 \u2013 True Corporation Plc, Thailand\u2019s leading telecom-tech company and ranked No. 1 globally for the seventh consecutive year in the DJSI 2024 Sustainability Index for the telecommunications sector, continues its journey toward a stable and sustainable future by preparing to offer a new set of debentures to the general public. The offering comprises four tranches with maturities ranging from 4 to 10 years, fixed coupon rates between [2.60 \u2013 3.55]% per annum, and an \u201cA+\u201d credit rating with a \u201cStable\u201d outlook from TRIS Rating, underscoring True\u2019s strong financial position and leadership in telecommunications and digital technology. Subscriptions will open October 30\u201331 and November 3, 2025, through seven leading financial institutions: Bangkok Bank, Kasikornbank, Siam Commercial Bank, CIMB Thai Bank, UOB, Kiatnakin Phatra Securities, and Asia Plus Securities as well as via the TrueMoney Wallet application, with Bank of Ayudhya acting as registrar and debentureholders\u2019 representative.<\/strong><\/p>\n

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Ms. Yupa Leewongcharoen, Chief Financial Officer (Co), True Corporation Plc<\/strong> said \u201cTrue Corporation has proven its strength as a leading telecom and technology company in Thailand, posting net profit for two consecutive quarters and for the first half of 2025, the company recorded a normalized profit of THB 8.52 billion, reflecting effective cost management and strong revenue generation. Meanwhile, EBITDA has shown continuous growth, demonstrating strong cash flow and financial discipline. These results reinforce the company\u2019s financial position and its ability to make long-term investments, in line with our strategy to expand in the rapidly evolving telecommunications and technology markets.<\/p>\n

True currently holds a strategic advantage with the largest and most comprehensive spectrum portfolio in Thailand, covering 8 frequency bands across low, mid, and high ranges. This positions True to support the growth of 5G, AI, IoT, and other digital innovations aiming to enhance the quality of life of Thai people. True remains committed to modernize its network nationwide to deliver the best customer experience and to strengthen Thailand\u2019s digital communications infrastructure.\u201d<\/p>\n

The company and its debentures have been rated \u201cA+\u201d with a \u201cStable\u201d outlook by TRIS Rating as of September 5, 2025. This reflects True\u2019s leading position in the mobile and broadband markets, supported by its nationwide network, extensive spectrum, and well-recognized brand. The rating also factors in expected synergies of the company’s recent merger and anticipated future operational improvements.<\/p>\n

According to the joint lead arrangers<\/strong>, the Bank of Thailand reduced its policy interest rate from 1.75% to 1.50% on August 13, 2025 and further rate cuts are expected. This creates a favorable opportunity for investors to lock in long-term returns through high-quality debentures. Given the \u201cA+\u201d credit rating and \u201cstable\u201d outlook, True\u2019s debentures present an attractive investment option for investors seeking stability and consistent returns in a declining interest rate environment. The company expects strong invertor demand for this offering, as with previous issuances.<\/p>\n

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The public offering includes four tranches of name-registered, unsubordinated, unsecured debentures with debentureholders\u2019 representatives. Fixed interest will be paid every 6 months. These debentures are suitable for medium – to long-term investors, with a minimum subscription of 100,000 baht and in multiples of 100,000 baht. The expected subscription dates for general investors are October 30-31 and November 3, 2025. The debentures include:<\/p>\n

\u2022 1st tranche: 4-year tenor with fixed coupon rate of [2.60 – 2.80]% per annum
\n\u2022 2nd tranche: 5-year tenor with fixed coupon rate of [2.95 – 3.10]% per annum
\n\u2022 3rd tranche: 7-year tenor fixed coupon rate of [3.15 – 3.35]% per annum
\n\u2022 4th tranche: 10-year tenor with fixed coupon rate of [3.35 – 3.55]% per annum (The issuer has the right to redeem the debentures before the maturity date starting from the 5th year)<\/p>\n

The company is 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). 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:<\/p>\n

\u2022 Bangkok Bank Public Company Limited, all branches (excluding Micro Branch), or call 1333, or book online via Bangkok Bank Mobile Banking.
\n\u2022 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.
\n\u2022 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.
\n\u2022 CIMB Thai Bank Public Company Limited., all branches, call 02 626 7777, or book online via CIMB Thai app.
\n\u2022 United Overseas Bank (Thai) Public Company Limited, all branches, call 02 285 1555.
\n\u2022 Asia Plus Securities Co., Ltd., call 02 680 4004.
\n\u2022 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.<\/p>\n

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.<\/p>\n","protected":false},"excerpt":{"rendered":"

\u2022 Fixed coupon rates between [2.60 \u2013 3.55]% per annum, with semi-annual interest payments \u2022 Subscription expected on October 30\u201331 and November 3, 2025 Bangkok, September 12, 2025 \u2013 True Corporation Plc, Thailand\u2019s leading telecom-tech company and ranked No. 1 globally for the seventh consecutive year in the DJSI 2024 Sustainability Index for the telecommunications […]<\/p>\n","protected":false},"author":10,"featured_media":27285,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[312,161],"tags":[3134,701],"class_list":["post-27137","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bettertogether-en","category-releases-en","tag-truedebenture-en","tag-true-en"],"acf":[],"author_data":{"id":10,"name":"Nattakorn Plubprasit","avatar":"https:\/\/secure.gravatar.com\/avatar\/6be50b67b12419fd6bfe90cbb77742f15c3af43801a85b7981ac28e00423f492?s=96&d=mm&r=g"},"_links":{"self":[{"href":"https:\/\/www.true.th\/blog\/wp-json\/wp\/v2\/posts\/27137","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\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/www.true.th\/blog\/wp-json\/wp\/v2\/comments?post=27137"}],"version-history":[{"count":2,"href":"https:\/\/www.true.th\/blog\/wp-json\/wp\/v2\/posts\/27137\/revisions"}],"predecessor-version":[{"id":27286,"href":"https:\/\/www.true.th\/blog\/wp-json\/wp\/v2\/posts\/27137\/revisions\/27286"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.true.th\/blog\/wp-json\/wp\/v2\/media\/27285"}],"wp:attachment":[{"href":"https:\/\/www.true.th\/blog\/wp-json\/wp\/v2\/media?parent=27137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.true.th\/blog\/wp-json\/wp\/v2\/categories?post=27137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.true.th\/blog\/wp-json\/wp\/v2\/tags?post=27137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}