BTS Group finalises coupon rate for its debenture offering

Editorial Staff

BTS Group finalises coupon rate for its debenture offering

BTS Group Holdings Plc (BTS Group) finalises the coupon rate for its 4 tranches of debenture offering with the highest coupon rate at 4.95% per annum. The debentures will be placed to general public during 30 Oct - 1 Nov 2023 by 6 leading financial institutions.

The company is confident that the debentures will be well-received by investors who are looking to invest in “investment grade” debentures with “A-” rating from TRIS, and especially with the company’s growth prospect to expand into a variety of businesses beyond mass transit services.

Ms. Chawadee Rungruang, chief financial officer of BTS Group, revealed that the company had finalised the coupon rate for its debenture offering which will be placed to general public. The debentures consist of 4 tranches, including a 2-year tenor with coupon rate of 3.80% per annum, a 5-year tenor with coupon rate of 4.40% per annum, a 10-year tenor with coupon rate of 4.80% per annum and a 12-year tenor with coupon rate of 4.95% per annum.

The interest payment will be made on a semi-annual basis. The subscription period of the debentures will be during 30 October to 1 November 2023. Investors can subscribe the debentures via six leading financial institutions, including Bangkok Bank Plc, Krung Thai Bank Plc, KASIKORNBANK Plc, The Siam Commercial Bank Plc, CIMB Thai Bank Plc, and Kiatnakin Phatra Securities Public Company Limited. The debentures are assigned rating "A-", the same as the company's credit rating with “Stable” outlook by TRIS Rating Company Limited (TRIS Rating), announced on 19 September 2023.

For this debenture offering, the minimum subscription amount is 100,000 baht. Potential investors who are interested in the subscription of the Debentures of BTS Group may seek for more information and the details of the debentures in the prospectus on SEC’s website.