SHR closes 1.7 billion baht bond sale at 4.50% interest to fund hotel upgrades

Corporate Action

โดย HoonVision·

Summary · why it matters

S Hotels and Resorts Public Company Limited, or SHR, a subsidiary of Singha Estate, successfully offered and sold bonds worth a total 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 bonds were offered to the general public between 14 and 16 September 2026, and the offering closed fully subscribed in line with the target. Chief Executive Officer Michael Marshall said the strong response from investors reflects confidence in the company'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 repayment of maturing bonds and to fund investment in projects to renovate and upgrade hotel assets in order to improve asset quality and competitiveness. The bonds received a credit rating of BBB-, which is at investment grade, from TRIS Rating.

S Hotels and Resorts Public Company Limited ▲