BTS Group Holdings Public Company Limited (SET: BTS) is offering its 2nd bond issuance in 2025, consisting of named, unsubordinated, unsecured bonds with bondholders’ representatives. There are two series available: the first has a tenor of 2 years with a fixed interest rate of 3.40% per annum, and the second has a tenor of 3 years with a fixed interest rate of 3.60% per annum.
Subscriptions are open to both general and institutional investors from September 29–30 and October 1, 2025.
The bonds are being distributed by 11 joint lead managers: Bangkok Bank, Krungthai Bank, Kasikornbank, Siam Commercial Bank, CIMB Thai Bank, Kiatnakin Phatra Securities, Maybank Securities (Thailand), Yuanta Securities, Asia Plus Securities, KGI Securities (Thailand), and Krungthai XSpring Securities.
These bonds have been rated “BBB+” with a “stable” outlook by TRIS Rating—an investment grade rating that reflects BTS Group’s strong financial position, underpinned by stable revenue from its electric train operation and maintenance (O&M Service) business, as well as a firm standing in the advertising media sector.
Chawadee Rungruang, Chief Financial Officer of BTS, stated that proceeds from this bond sale will be used for debt repayment, strengthening the company’s financial structure and ensuring long-term stability.
