- Fixed coupon rate with interest payments every 6 months throughout the debenture term
- Open for subscription by general public is expected on April 30th and May 5th-6th, 2026
April 21st, 2026 – True Corporation Plc, Thailand’s leading telecom-tech company ranked among the Top 1% most sustainable companies globally by S&P Global for the 8th consecutive year in the Sustainability Yearbook 2026, reinforcing its strong business foundation and long-term sustainable growth potential amidst financial market volatility, is offering a stable investment option through a new debenture issuance available to the general public. The issuance consists of 4 tranches with maturities ranging from 4 to 10 years, offering fixed coupon rates between 2.50% – 3.25% per annum, with semi-annual interest payments. The debentures are rated “A+” with a “Positive” outlook by TRIS Rating Co Ltd., as of March 18th, 2026, reflecting strong business fundamentals and True’s role in developing the country’s digital infrastructure. Subscription is expected to be on April 30th and May 5th – 6th, 2026 through seven leading financial institutions: Bangkok Bank, KASIKORNBANK, Siam Commercial Bank, CIMB Thai Bank, UOB, Kiatnakin Phatra Securities, and Asia Plus Securities as well as via the TrueMoney Wallet application. Bank of Ayudhya serves as the registrar and debenture holders’ representative.
Mr. Nakul Sehgal, Chief Financial Officer, True Corporation Plc., stated that amidst low policy-rate environment and continued volatility in global financial markets driven by economic and geopolitical uncertainty, True Corporation remains committed to stable, and disciplined long-term capital management. This new debenture issuance is a key component of True’s financial strategy to optimize its financial structure, strengthen financial resilience, thereby supporting future sustainable business growth. He added that this offering presents a compelling investment opportunity for investors seeking portfolio diversification in uncertain market conditions, with debentures designed to deliver periodic returns in accordance with the terms and conditions of the issuance.
The debentures not only reflect the strength of a leading telecom-tech company that is trusted nationwide, it offers the investors an opportunity to participate in True’s long-term value creation and sustainable growth.
Joint- lead underwriters added that on February 25th, 2026, the Monetary Policy Committee reduced the policy interest rate to 1.00% per annum, signaling a continued accommodative monetary policy to support economic recovery. However, financial and debenture markets remain volatile due to global economic conditions and geopolitical conflicts. In such an environment, investors are increasingly prioritizing risk management and stable returns. True’s debentures, rated “A+” with a “Positive” outlook, offer a suitable option for those seeking consistent medium- to long-term returns despite market uncertainty, and are expected to attract strong investor demand similar to previous issuances.
This offering comprises 4 tranches available to the general public (Public Offering), with maturities from 4 to 10 years. Proceeds will be used to repay maturing debentures and provide loans to subsidiaries to repay their maturing debentures, in line with the company’s financial management plan. The debentures are registered, unsubordinated, unsecured, and have a debenture holders’ representative, with interest paid every 6 months throughout the term. The minimum subscription is 100,000 baht and in multiples of 100,000 baht. Details of the debentures:
- 1st Tranche: 4-year tenor with fixed coupon rate of 2.50% per annum
- 2nd Tranche: 5-year tenor with fixed coupon rate of 2.60% per annum
- 3rd Tranche: 7-year tenor with fixed coupon rate of 3.00% per annum
- 4th Tranche: 10-year tenor with fixed coupon rate of 3.25% per annum and the issuer has the right to redeem the debentures before the maturity date, starting from the 5th year onward
Investors can find more details about the debenture offering and draft prospectus at www.sec.or.th. For additional information, please contact the seven joint lead arrangers listed below:
- Bangkok Bank Public Company Limited, all branches (excluding Micro Branch), or call 1333, or book online via Bangkok Bank Mobile Banking.
- KASIKORNBANK Public Company Limited, all branches, call 02 888 8888 ext. 869 (Retail investors can subscribe via online channel (https://www.kasikornbank.com/kmyinvest), non-residents can subscribe at head office and branches), including KASIKORN Securities Public Company Limited as the sales unit of KASIKORNBANK Public Company Limited.
- The Siam Commercial Bank Public Company Limited., all branches, call 02 777 6784, or subscribe online via SCB EASY app, including InnovestX Securities Co., Ltd. as an agent of The Siam Commercial Bank Public Company Limited.
- CIMB Thai Bank Public Company Limited., all branches, call 02 626 7777, or book online via CIMB Thai app.
- United Overseas Bank (Thai) Public Company Limited, all branches, call 02 285 1555.
- Asia Plus Securities Co., Ltd., call 02 680 4004.
- Kiatnakin Phatra Securities Public Company Limited., call 02 165 5555, or book online via Dime! app, including Kiatnakin Phatra Bank Public Company Limited as an agent of Kiatnakin Phatra Securities Public Company Limited.
For those interested in subscribing via the TrueMoney Wallet, more information and instructions can be found at www.truemoney.com. For assistance with the application process, contact the staff of True Money Co., Ltd. at Tel. 1240, press 6.
Investment Risk Warning: Investing involves risks. Investors should carefully study and understand the product features, return conditions, and associated risks before making any investment decisions. The offering documents are available at www.sec.or.th
Disclaimer: The offering is still under regulatory review by the SEC and is not yet effective. Allocation of the debentures is at the discretion of the underwriters and the final terms will follow those outlined in the approved registration statement and prospectus.
