TRUE Issues 6 Series of Debenture Totaling ฿12bn for Refinancing and Business Expansion!
TRUE has announced the issuance of six series of debenture not exceeding THB 12,000 million while the first three series will be proposed to institutions.
True Corporation Public Company Limited (TRUE) has announced that the company has submitted a form to the Stock Exchange of Thailand and the Securities and Exchange Commission to issue six series of debenture (4/2019) not exceeding THB 12,000 million while the first three series will be proposed to institutions.
1) A debenture not exceeding THB 5,100 million with a maturity date of 1 year and an interest rate of 3.15%.
2) A debenture not exceeding THB 2,175 million with a maturity date of 1.3 years and an interest rate of 3.30%.
3) A debenture not exceeding THB 1,625 million with a maturity date of 2 years and an interest rate of 3.70%.
4) A debenture not exceeding THB 945 million with a maturity date of 3 years and an interest rate of 3.80%.
5) A debenture not exceeding THB 1,325 million with a maturity date of 5.3 years and an interest rate of 5.00%.
6) A debenture not exceeding THB 830 million with a maturity date of 3 years and an interest rate of 3.80%.
The subscription date for series 1-5 will be on July 15-17, and July 30-31 for the sixth series, having Bangkok Bank, Krung Thai Bank, Kasikorn Bank and Siam Commercial Bank as an underwriter. Tris Rating gives a BBB+ (stable) rating.
TRUE aims to use THB 12,000 million from the issuing debentures to pay for the matured debenture on July and August 2019 at an approximately of THB 11,404 million. The remaining funds from issuing the debentures will be invested in the company’s businesses and expansions.