SHR closes 1.7 billion baht bond sale at 4.50% interest, fully subscribed

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Summary · why it matters

S Hotels & Resorts Public Company Limited, or SHR, a subsidiary of Singha Estate, announced the successful offering of bonds worth a total of 1.7 billion baht, with a maturity of 2 years and 9 months and a fixed interest rate of 4.50% per year. The bonds were offered to the general public between 14 and 16 September 2026 and drew a strong response from investors, allowing the company to close the offering in full as targeted. Chief Executive Officer Michael Marshall said the strong reception reflects confidence in SHR's business fundamentals and growth potential, and thanked its five financial partners: Krungthai Bank, Kasikornbank, Asia Plus Securities, Krungthai XSpring Securities, and Land and Houses Securities. The proceeds will be used to support the repayment of maturing bonds and to fund investment in projects to renovate and upgrade the company's hotel assets. The bonds received a credit rating of BBB-, which is at investment grade, from TRIS Rating.

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Off-coverage companies 2

Land and Houses Securities Public Company LimitedPrivate± Mixed
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TRIS Rating Co., Ltd.Private± Mixed
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