S Hotels and Resorts (SHR) has announced an interest rate of 4.50% per annum for its bonds with a tenor of 2 years and 9 months. The offering will be made to the general public from September 14-16, 2026, through five leading financial institutions. The proceeds will be used to repay existing bonds upon maturity and to fund a major hotel renovation to upgrade assets and enhance competitiveness. The bonds have been rated "BBB-" by Tris Rating, which is investment grade, while the company itself is rated "BBB" with a "Stable" outlook. Chief Executive Officer Michael Marshall stated that this offering reflects confidence in SHR's business fundamentals and growth potential, with plans to use the funds to repay existing bonds and renovate hotels, while prudently managing the financial structure to balance growth and profitability.
S Hotels and Resorts Public Company LimitedCompany issues bonds at 4.50% to refinance debt and fund hotel renovations, with investment-grade rating and stable outlook.
