MTC to issue 4 series of ESG bonds with 2-10 year tenors, coupons of 2.65-4.00%

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Muangthai Capital Public Company Limited, or MTC, has filed a draft registration statement with the Securities and Exchange Commission to prepare the issuance and offering of social development bonds. The bonds are unsubordinated, unsecured, and pay interest every three months, and will be offered to general investors and institutional investors, with proceeds to be invested in projects related to ESG. This bond issue is divided into 4 series. Series 1 has a tenor of 2 years, 10 months and 5 days, maturing in 2029, with a coupon of 2.65% per year. Series 2 has a tenor of 5 years and 26 days, maturing in 2031, with a coupon of 3.00% per year. Series 3 has a tenor of 7 years and 29 days, maturing in 2033, with a coupon of 3.45-3.55% per year. Series 4 has a tenor of 10 years, maturing in 2036, with a coupon of 3.90-4.00% per year. Subscription is open from 27-29 October 2026. Bangkok Bank, Siam Commercial Bank and CIMB Thai Bank are joint lead managers for the bonds offered to general investors and institutional investors, with only institutional investors who are natural persons eligible to subscribe in the capacity of general investors. Kasikornbank and Bank of Ayudhya are joint lead managers for the bonds offered to general investors and institutional investors, and also serve as the bondholders' representative. The bonds and the issuer carry an A-(tha) credit rating assigned by Fitch Ratings (Thailand) Limited on 5 September 2025.

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