2023-07-03 06:49:56
True Corporation Public Company Limited, Thailand’s No. 1 leading telecommunication-technology company, received a corporate credit rating of A+ with a “stable” outlook (Stable) from TRIS Rating. This is a new company status resulting from the merger between True and DTAC. Focusing on creating digital innovations, bringing technology to reach consumers for a better life and focusing on creating added value for the business sector to grow by leaps and bounds ready to drive the economy and Thai society Preparing to offer 4 series of debentures for the first time following the merger to investors, with maturities from 2 years to 10 years, fixed interest rates between 3.35-4.50% per year, expected to open for subscription between 20-21 and 24 July 2023 with Bangkok Bank, Kasikorn Bank, Siam Commercial Bank, CIMB Thai and Thanachart Bank be a distributor and has Bank of Ayudhya as a debenture holder representative
Ms. Yupa Leewongcharoen, Chief Financial Officer (Co) of True Corporation Public Company Limited, said that “This debenture issuance is the first issuance under a new company arising from the merger between True and DTAC. which still uses the same True name but with a stronger foundation from the synergy of the potential and strengths of both True and DTAC following the merger making True become the No. 1 leading telecommunication-technology company in Thailand with full investment potential for the future. We focus on upgrading our operations, providing services, and using technology to increase efficiency in every department. Creating superior experiences and delivering greater value to consumers and businesses. creating new innovations to jointly drive the Thai economy and society Ready to open opportunities for investors to grow together with new companies that are ready to grow continuously. Especially digital businesses that have better growth prospects and have very high growth potential.”
After the merger between True and DTAC, the company and the debentures Received a credit rating of A+ with a “stable” outlook from TRIS Rating Co., Ltd. on April 28, 2023, which reflects its excellent financial and business risk status. climb It has a strong market position in the mobile and broadband markets. Strengthen the army with a nationwide network. Comprehensive spectrum set and brand names that consumers are familiar with In addition, macro-economic factors such as Thailand’s GDP growth forecast numbers due to the recovery of the tourism sector following the COVID-19 situation began to return to normal
The debentures will be offered for sale to investors in general (Public Offering) with the objective to use the proceeds from the issuance of the debentures to repay the debenture debt and/or the maturity loan. As well as being used as working capital to support the growth of the company. which are debentures in the name of the bearer Unsubordinated, unsecured, and with debenture holders’ representative Pay interest every 3 months throughout the debenture life. It is expected to be open for subscription between 20-21 and July 24, 2023, with a minimum subscription value of 100,000 baht and a multiple of 100,000 baht per time, offering 4 sets as follows:
1. Series 1 debentures, 2 years, fixed interest rate of 3.35% per year.
2. The second series of 3-year debentures with a fixed interest rate of 3.60% per year.
3. Series 3 debentures, 5-year term, fixed interest rate of 4.10% per year.
4. Debenture Series 4, 10 years, fixed interest rate of 4.50% per annum, which the issuer has the right to redeem the debentures following the fifth year.
The Company is in the process of filing a registration statement. And the draft prospectus is not yet effective. As it is pending consideration by the SEC Office, investors can learn more from the registration statement and draft prospectus at www.sec.or.th
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