SHR closes 1.7 billion baht bond sale at 4.50% interest, hitting target

Corporate Action

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Summary · why it matters

S Hotel and Resort Public Company Limited, or SHR, successfully offered bonds with a total value of 1.7 billion baht, with a term of 2 years and 9 months and a fixed interest rate of 4.50% per year. The offering closed after fully meeting its target, with the bonds sold to the general public between September 14 and 16, 2026. Michael Marshall, Chief Executive Officer of SHR, said the strong response from investors reflects confidence in the company's business fundamentals and growth potential. The proceeds will be used to support repayment of bonds due for redemption and to fund investment in projects to renovate and upgrade hotel assets. The bonds received a credit rating of BBB-, an investment-grade level, from TRIS Rating Company Limited, with five financial partners supporting the offering: Krungthai Bank Public Company Limited, Kasikornbank Public Company Limited, Asia Plus Securities Company Limited, Krungthai XSpring Securities Company Limited, and Land and Houses Securities Public Company Limited.

S Hotels and Resorts Public Company Limited ▲