True Corporation: Overwhelming Investor Confidence Leads to Oversubscription of More Than Ten Billion Baht Debenture, Emphasizing Trust in Thailand’s No.1 Telecom-Tech Company’s Potential


Mitihoon – True Corporation Plc. extends gratitude to all investors for overwhelming success of its first debenture offering in year 2024 emphasizing investor confidence in Thailand’s No1 telecomtech company and No1 in the world in the telecommunications industry for the 2023 Dow Jones Sustainability Index (DJSI) for the 6th consecutive yearThe new True debenture offering had received overwhelming interests from the investors and the subscription was full within a short period of time. To offer the public opportunities to invest in the A+ rating company with good return, the company decided to allocate additional greenshoe option of 3,500 million Baht to absorb excess demands making the total issued size of 10,500 million Baht.


MsYupa Leewongcharoen, CoChief Financial Officer of True Corporation Plc, said, “We truly appreciate and would like to express our gratitude to all investors who have confidence in True’s increasing business potential and trustworthiness and invested in our new public offering debentures which was the first issuance in year 2024. We would also like to thank the 6 financial institutions who are the debenture arrangers for their continuing supports. Our successful debenture offering underscores investors’ confidence in the company, despite global economic uncertainties and investor apprehensions in Thai corporate debenture market. Furthermore, due to the overwhelming demands, the initial target debenture sale of 7,000 million Baht was fully closed at prompt. Consequently, we allocated an additional 3,500 million Baht greenshoe option to partially absorb the excess demands from investors, resulting in the total issued size of 10,500 million Baht. This is aligned with the maximum size reported in our filing with the SEC, aiming to provide safe investment opportunities to the public for a company with a credit rating of ‘A+’ and a ‘Stable’ outlook. The proceed of this debenture offering is to repay maturing debentures and/or reserve as working capital to support the company’s growth.

The new debenture offering covered five series of unsubordinated and unsecured debentures, in the nameregistered certificate with debentureholders’ representative which subscription period was during January 26 to 30, 2024, with tenor ranging from 1 year 3 months to 10 years and with fixed interest rate from 3.15% to 4.60% per year. This offering was fully supported by the 6 lead arrangers, namely Bangkok Bank Public Company Limited, Kasikornbank Public Company Limited, The Siam Commercial Bank Public Company Limited, CIMB Thai Bank Public Company Limited, UOB (Thai) Limited, and Asia Plus Securities Public Company.

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