SHR to Issue 2-Year 9-Month Debentures with 4.5% Interest, Offered Sept 14-16

Corporate Action

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Summary · why it matters

S Hotels and Resorts Public Company Limited (SHR) has filed a registration statement with the Securities and Exchange Commission (SEC) to issue unsubordinated, unsecured debentures with a tenor of 2 years and 9 months, carrying an interest rate of 4.50% per annum, payable quarterly. The offering will be made to the general public from September 14 to 16, 2026, through the underwriters: Krungthai Bank, Kasikorn Bank, Krungthai Xspring Securities, Land and Houses Securities, and Asia Plus Securities. Krungthai Bank will act as the debenture holders' representative. The debentures have been assigned a credit rating of BBB-, while the company's corporate rating is BBB, from Tris Rating on July 8, 2026. The proceeds will be used to repay debt from previous debenture issuances and to fund asset acquisitions, investments, or business operating expenses.

S Hotels and Resorts Public Company Limited ±

Impact on stocks 4

Financials▲ · 3 stocks

Asia Plus Group Holdings PCL

Mentioned

Kasikornbank Public Company Limited

Mentioned

Krung Thai Bank Public Company Limited

Mentioned

Consumer Discretionary▲ · 1 stocks

S Hotels and Resorts Public Company Limited

± MixedCapitalrelevance

Debenture issuance to repay debt and fund investments; impact depends on use of proceeds and market reception.

Off-coverage companies 3

Krungthai XSpring Securities Public Company LimitedPrivate± Mixed

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Land and Houses Securities Public Company LimitedPrivate± Mixed

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TRIS Rating Co., Ltd.Private± Mixed

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