BTS Group has successfully issued and offered 15.06 billion baht debentures

Editorial Staff

BTS Group has successfully issued and offered 15.06 billion baht debentures

BTS Group Holding Plc (BTS Group) has successfully issued and offered 4 tranches of debentures to the general public with total issue size of 15.06 billion baht.

The size exceeds its target of 10 billion baht, allowing BTS Group to exercise the greenshoe option. This reflects investors’ trust to the company. The company stands ready to continue expanding growth under the 3M strategy: MOVE, MIX and MATCH.

Ms Chawadee Rungruang, chief financial officer of BTS Group Holdings Plc (BTS Group) has successfully offered and issued its 4 tranches of debentures the total issue size of 15.06 billion baht. 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 semi-annual basis.

The debentures were offered to the general public during 30 October to 1 November 2023. 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 Plc were appointed as the joint lead arrangers for this transaction. The issuance received an overwhelming interest from investors, truly exceeding the Company’s expectation.

The debentures and BTS Group accredited "A-", with “Stable” outlook by TRIS Rating Co (TRIS Rating), and the rating was announced on 19 September 2023.

BTS Group’s core business consists of 3M businesses. First, MOVE business, which is a door-to-door transportation service provider for passengers with various modes of travel, including rail, road, water and air.

Second, MIX business or marketing comprehensive service provider in the form of Offline-to-Online (O2O) solutions, that uses Smart DATA to transform over 40 million insights from its advertising media business platform, digital services business, distribution business and business alliances to create effective marketing services.

And lastly, MATCH business, which seeks new business opportunities and cooperation through the company's MIX and MOVE platforms by sharing within the group of companies and among its business partners.