Mitihoon – Bangkok, July 25, 2025 – True Corporation Plc, Thailand’s leading telecom-tech company and ranked first in the world for DJSI Sustainability Index 2024 in the telecommunications industry for the seventh consecutive years, is offering new four tranches of debentures with maturities ranging from 4 to 10 years, and with fixed interest rates between 3.20 – 3.70% per annum, payable semi-annually. The subscription period is expected to be during July 31st, August 1st, and August 4th, 2025, through seven leading financial institutions: Bangkok Bank, KASIKORNBANK, Siam Commercial Bank, CIMB Thai Bank, United Overseas Bank (Thai), Kiatnakin Phatra Securities, and Asia Plus Securities. Subscriptions can also be made via the TrueMoney Wallet app. The purpose of this debenture issuance is to repay its own maturing debentures and extend a loan to a subsidiary for the repayment of its maturing debentures.
Ms. Yupa Leewongcharoen, Chief Financial Officer (Co) of True Corporation Plc., stated, “True’s financial position remains solid and disciplined, supported by prudent cost management and consistently high-quality operations. In the latest quarter, the company reported a net profit of THB 1.6 billion and maintained a credit rating of ‘A+’ with a ‘Stable’ outlook from TRIS Rating. This affirms True’s strong market position in mobile and broadband services, backed by nationwide coverage, an extensive spectrum portfolio, and a comprehensive digital ecosystem. With a trusted brand and a track record of financial stability, True’s debentures present a reliable investment option for investors seeking steady, long-term value. Our continued focus on operational excellence and sustainable growth reinforces True’s standing as a trusted investment choice.”
The Joint-Lead arrangers mentioned that “This is an opportunity for investors who seek for stable long-term returns. Over the past year, the Bank of Thailand has steadily lowered its policy rates, with further reductions likely. Global interest rate trends also suggest a downward trajectory, making fixed-return debentures increasingly attractive. True’s “A+” rated debentures with a stable outlook stand out as a compelling choice for those seeking both security and steady returns amid a declining interest rate environment.”
This debenture issuance includes four tranches with maturities ranging from 4 to 10 years, suitable for both medium- and long-term investors. Interest will be paid semi-annually throughout the term of debentures. Public subscription opens on July 31st, August 1st, and August 4th, 2025, with a minimum purchase of 100,000 baht and additional purchases in multiples of 100,000 baht. The company expects that the debentures will receive a positive response from investors, as they have in previous offerings.
The four debenture series are as follows:
- 1st tranche: 4-year tenor with a fixed coupon rate of 3.20% per annum
- 2nd tranche: 5-year tenor with a fixed coupon rate of 3.40% per annum
- 3rd tranche: 7-year tenor with a fixed coupon rate of 3.50% per annum
- 4th tranche: 10-year tenor with a fixed coupon rate of 3.70% per annum, with a call option since the 5th
Investors can find more details in the debenture offering documents and prospectus at www.sec.or.th, or contact one of the seven joint lead arrangers listed below:
- Bangkok Bank Public Company Limited – Available at all branches (except micro branches), Tel. 1333, or subscribe online via Bangkok Bank Mobile Banking.
- KASIKORNBANK Public Company Limited – Available at all branches, Tel. 02-888-8888 (press 869), or subscribe online via https://www.kasikornbank.com/kmyinvest. (Foreign nationals and juristic persons must subscribe through the head office or designated branches.)
Also available through Kasikorn Securities Public Company Limited, acting as the sales agent for KASIKORNBANK Plc. - Siam Commercial Bank Public Company Limited (SCB) – Available at all branches, Tel. 02-777-6784, or subscribe online via the SCB EASY mobile application.
Also available through InnovestX Securities Company Limited, acting as the sales agent on behalf of SCB. - CIMB Thai Bank Public Company Limited – Available at all branches, Tel. 02-626-7777, or via the CIMB Thai mobile app.
- United Overseas Bank (Thai) Public Company Limited (UOB) – Available at all branches, Tel. 02-285-1555.
- Asia Plus Securities Company Limited – Tel. 02-680-4004.
- Kiatnakin Phatra Securities Public Company Limited – Tel. 02-165-5555, or subscribe online via the Dime! mobile application. Also available through Kiatnakin Phatra Bank Public Company Limited, acting as the sales agent for Kiatnakin Phatra Securities Public Company Limited
For those interested in subscribing via TrueMoney Wallet, details on the process and how to register for the TrueMoney Wallet application can be found at www.truemoney.com, or contact TrueMoney at 1240 ext. 6 for assistance.
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