- Fixed interest rates ranging from 35 – 4.00% per annum with maturities of 3 to 10 years
- Tentative subscription period: February 6-7 and 10, 2025
Bangkok, January 23, 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 four tranches with maturities ranging from 3 to 10 years and fixed coupon between 3.35% and 4.00% per annum. The debentures are rated “A+” with a “Stable” outlook by TRIS Rating as of December 13, 2024, reflecting the company’s robust position in both telecommunications and digital technology businesses. The subscription period is set for February 6–7 and February 10, 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 Corporation continues to demonstrate consistent growth and leadership as Thailand’s top telecommunications and technology provider. In Q3 2024, the company reported an adjusted net profit of THB 3.1 billion and achieved consecutive EBITDA growth for the seventh quarter. True Corporation currently serves 12.4 million 5G subscribers, representing a 5.4% increase from the previous quarter.
We are introducing new TRUE debentures with various tenors, designed to appeal to a wide range of investors including short-term (3 years), medium-term (5 years), and long-term (7 years and 10 years), with longer tenors offering higher returns. The proceeds from these debentures will be used to refinance existing debentures.
With our ongoing operational and financial improvements, we believe TRUE debentures offer an attractive investment opportunity. In addition, with the current downward trend in interest rates, investing in TRUE debenture presents an opportunity for investors to secure long-term returns.”
True Corporation Plc. has submitted a registration statement and draft prospectus with the Securities and Exchange Commission (SEC) for a public offering of its new debentures. These debentures, with tenors ranging from 3 to 10 years, are unsubordinated and unsecured with debentureholders’ representative. The company and its debentures are rated “A+” with a “Stable” outlook by TRIS Rating as of December 13, 2024. The debentures are expected to be available for subscription from February 6–7 and 10, 2025, with a minimum subscription amount of THB 100,000 and multiple of THB 100,000. The coupon will be paid every 3 months throughout the debentures’ term with details as follows :
1st Tranche: 3-year tenor with a fixed coupon rate of 3.35% per annum.
2nd Tranche: 5-year tenor with a fixed coupon rate of 3.60% per annum.
3rd Tranche: 7-year tenor with a fixed coupon rate of 3.85% per annum.
4th Tranche: 10-year tenor with a fixed coupon rate of 4.00% 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 Plc, all branches (excluding Micro Branch), or call 1333, or book online via Bangkok Bank Mobile Banking.
- KASIKORNBANK Plc, all branches, call 02 888 8888 ext. 869, or book online via KASIKORNBANK (excluding foreign nationals and legal entities; available through main and branch offices of KASIKORN Securities Plc.
- The Siam Commercial Bank PCL., all branches, call 02 777 6784, or book online via SCB EASY app, including InnovestX Securities Co., Ltd as an agent of The Siam Commercial Bank PCL.
- CIMB Thai Bank Plc, all branches, call 02 626 7777, or book online via CIMB Thai app.
- United Overseas Bank (Thai) Plc, all branches, call 02 285 1555.
- Asia Plus Securities Co.,Ltd., call 02 680 4004.
- Kiatnakin Phatra Securities Plc, call 02 165 5555, or book online via Dime! app, including Kiatnakin Phatra Bank Plc as an agent of Kiatnakin Phatra Securities Plc.
For those interested in subscribing via the TrueMoney Wallet, more information and instructions on how to apply for the TrueMoney Wallet Application and how to subscribe debentures 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.
