Muangthai Capital Public Company Limited, or MTC, plans to offer four series of baht-denominated social bonds to general investors in Thailand, with the subscription period expected to run from October 27 to 29, 2026. This marks the first baht-denominated social bond offering by a non-bank financial institution group in Thailand. The four series have tenors ranging from 2 years 10 months 5 days to 10 years, with fixed coupon rates of 2.65-4.00% per annum. Series 1 has a tenor of 2 years 10 months 5 days with a coupon of 2.65% per annum, Series 2 has a tenor of 5 years 26 days with a coupon of 3.00% per annum, Series 3 has a tenor of 7 years 29 days with a coupon of 3.45-3.55% per annum, and Series 4 has a tenor of 10 years with a coupon of 3.90-4.00% per annum. The bonds were assigned an A-(tha) credit rating by Fitch Ratings (Thailand) Limited on September 2, 2026, and the company is in the process of filing the debenture offering information report and draft prospectus with the Securities and Exchange Commission. Parithat Patcharachai, Chairman of the Executive Board, said the issuance is part of the company's funding management to spread out the average maturity of its liabilities and support loan portfolio growth, with proceeds to be used for lending under the company's social bond framework. He added that the company targets loan portfolio growth of 8-10% in 2026, after outstanding loans stood at 188.699 billion baht as of June 30, 2026, up 7.95% from the same period a year earlier, with a total of 8,906 branches and a target of 9,000 branches by the end of 2026. For its second-quarter 2026 results, the company reported total revenue of 8.127 billion baht and net profit of 1.905 billion baht, up 7.70% and 15.66% respectively from the same period a year earlier, lifting its net profit margin to 23.44% from 21.83% in the second quarter of 2025. In the first six months of 2026, total revenue was 16.064 billion baht and net profit was 3.728 billion baht.
Muangthai Capital Public Company LimitedMTC plans to issue four series of baht-denominated social bonds (coupons 2.65-4.00%) to spread out liability maturities and fund loan portfolio growth.
