BTS Group to Sell Three Tranches of Bonds with Interest Rates of 3.20%-3.75%, Subscription Opens Sept 25, 28-29

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โดย thunhoon.com·TH·Read original
Summary · why it matters

BTS Group Holdings is preparing to offer three new tranches of bonds to general investors: a 2-year tranche with a fixed interest rate of 3.20% per annum, a 3-year tranche with an interest rate of 3.55% per annum, and a 4-year tranche with an interest rate of 3.75% per annum. Subscription is expected to open on September 25 and 28-29, 2026, through 11 leading financial institutions, with a minimum subscription of 100,000 baht. Tris Rating has assigned a credit rating of BBB+ with a negative outlook to the company and the bonds, reflecting financial stability from consistent cash flows under long-term operation and maintenance contracts. The company reported total revenue of 7,492 million baht in the first quarter of fiscal year 2026/27, up 3.4% year-on-year, and held cash and highly liquid investments totaling over 54,500 million baht. The adjusted net debt-to-equity ratio stood at 1.34 times.

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TRIS Rating Co., Ltd.Private± Mixed
Capitalrelevance

TRIS Rating assigned a BBB+ negative-outlook rating to BTS Group and the bonds, acting as the rating agency rather than a subject of impact.

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