SHR closes full 1.7-billion-baht bond sale at 4.50% interest

Corporate Action

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Summary · why it matters

S Hotel & Resort Public Company Limited, or SHR, a subsidiary of Singha Estate, announced that its offering of bonds worth a total of 1.7 billion baht was fully subscribed, meeting its target, after receiving a strong response from investors. The bonds carry a term of 2 years and 9 months and a fixed interest rate of 4.50% per year. They were offered to the general public from 14 to 16 September 2026 and were assigned a credit rating of BBB-, which is at investment grade, by TRIS Rating Company Limited. Michael Marshall, Chief Executive Officer of SHR, said the strong response reflects investor confidence in the company's business fundamentals and growth potential, and thanked its five financial partners: Krung Thai 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. The proceeds will be used to support the repayment of maturing bonds and to fund investment in projects to renovate and upgrade hotel assets, in order to raise asset quality and competitiveness, alongside prudent management of the financial structure and liquidity.

S Hotels and Resorts Public Company Limited ▲