Thai Telecom Giant True Corporation to Offer New Debentures with Rates Up to 3.25%

Brickinfo News Agency – True Corporation Plc, Thailand’s leading telecom-tech provider, has announced the interest rates for its upcoming public offering of new debentures, ranging from 2.50% to 3.25% per annum. The issuance consists of four tranches with maturities between four and ten years, designed to provide stable returns for investors navigating current financial market volatility. This move follows a recent reduction in the Thai policy interest rate to 1.00% and aims to strengthen the company’s capital structure while funding the repayment of maturing debt.

The new debentures have been assigned an “A+” rating with a “Positive” outlook by TRIS Rating, as of March 18, 2026. This rating reflects the company’s solid business fundamentals and its significant role in maintaining Thailand’s digital infrastructure. The offering is divided into four series: a 4-year tenor at 2.50%, a 5-year tenor at 2.60%, a 7-year tenor at 3.00%, and a 10-year tenor at 3.25%. Notably, the 10-year tranche includes a condition allowing the issuer to redeem the debentures starting from the fifth year onward.

Mr. Nakul Sehgal, Chief Financial Officer of True Corporation Plc, emphasized the strategic nature of this issuance amidst global economic shifts.

“Amidst a low policy-rate environment and continued volatility in global financial markets driven by economic and geopolitical uncertainty, True Corporation remains committed to stable and disciplined long-term capital management. This new debenture issuance is a key component of True’s financial strategy to optimize its financial structure and strengthen financial resilience,” Mr. Sehgal stated.

He further noted that the offering serves as a diversification tool for investors seeking periodic returns through semi-annual interest payments.

Joint-lead underwriters for the deal pointed out that the Monetary Policy Committee’s decision on February 25, 2026, to lower interest rates has created an environment where investors are increasingly prioritizing risk management. Despite the accommodative monetary policy, the underwriters noted that geopolitical conflicts and global economic conditions continue to cause market fluctuations. They expect strong demand for these debentures, citing True’s high credit rating as a suitable option for those seeking consistent medium- to long-term returns.

The subscription period is expected to take place on April 30 and May 5-6, 2026. The minimum investment is set at 100,000 baht, with subsequent increments of 100,000 baht. True intends to use the proceeds to repay existing debentures reaching maturity and to provide loans to its subsidiaries for the same purpose. The debentures are registered, unsubordinated, and unsecured, featuring a representative for debenture holders.

Investors can access the subscription through seven major financial institutions, including Bangkok Bank, KASIKORNBANK, Siam Commercial Bank, CIMB Thai Bank, UOB, Kiatnakin Phatra Securities, and Asia Plus Securities. Additionally, the offering will be available digitally via the TrueMoney Wallet application. Bank of Ayudhya has been appointed as the registrar and debenture holders’ representative for this issuance.