SHR to issue new 2-year 9-month debentures with 4.40%–4.60% coupon, offered 14–16 September

Corporate Action

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Summary · why it matters

S Hotels and Resorts Public Company Limited, or SHR, is preparing to offer new debentures to the general public, with the filing currently under review by the Securities and Exchange Commission. The debentures have a tenor of 2 years and 9 months, carry a coupon of 4.40% to 4.60% per annum, pay interest every three months, and require a minimum subscription of 100,000 baht. The offering is expected to take place from 14 to 16 September 2026 through five arrangers: Krung Thai Bank, Kasikornbank, Asia Plus Securities, Krungthai XSpring Securities, and Land and Houses Securities. The issue has been assigned a credit rating of BBB minus, which is investment grade, by TRIS Rating, while the corporate credit rating stands at BBB with a stable outlook. Chief Executive Officer Michael Marshall disclosed that the company plans to use the proceeds to repay maturing debentures and to fund hotel renovation investments across its portfolio, aiming to enhance asset quality and support long-term growth. For the first quarter of 2026, the company reported total revenue of 2.63 billion baht and net profit of 264 million baht, representing 51 percent growth from the same period a year earlier.

S Hotels and Resorts Public Company Limited ▲