Ms. Chawadee Rungruang, Chief Financial Officer of BTS Group Holdings Public Company Limited or "BTS Group", "BTS Group has successfully offered and issued its 4 tranches of debentures the total issue size of 15.06 billion baht. The debentures consist of 4 tranches, including a 2-year tenor with coupon rate of 3.80% per annum, a 5-year tenor with coupon rate of 4.40% per annum, a 10-year tenor with coupon rate of 4.80% per annum, and a 12-year tenor with coupon rate of 4.95% per annum. The interest payment will be made on semi-annual basis. The debentures were offered to the general public during 30 October to 1 November 2023. Six leading financial institutions, including Bangkok Bank Public Company Limited, Krung Thai Bank Public Company Limited, KASIKORNBANK Public Company Limited, The Siam Commercial Bank Public Company Limited, CIMB Thai Bank Public Company Limited, and Kiatnakin Phatra Securities Public Company Limited were appointed as the joint lead arrangers for this transaction. The issuance received an overwhelming interest from investors, truly exceeding the Company's expectation."
The debentures and BTS Group are rated "A-", with "Stable" outlook by TRIS Rating Company Limited (TRIS Rating), and the rating was announced on 19 September 2023.
"The Company would like to express gratitude to a warm welcome of all investors, both institutional and retail investors. The Company is highly appreciated for the strong dedication of all six financial institutions. The banks helped communicating company's information and provided various distribution channels for smooth subscription process of the BTS Group's debentures. Going forward, the Company stands ready to expand our growth under the 3M strategy: MOVE, MIX and MATCH. This is to affirm that BTS Group represents 'Beyond Transportation Company' with a variety of goals on business expansion, which is consistent with the lifestyle of people in the digital era."
BTS Group's core business consists of 3M businesses. First, MOVE business, which is a door-to-door transportation service provider for passengers with various modes of travel, including rail, road, water and air. Also, the Company is the pioneer of Sky Train operator for more than 20 years.Second, MIX business or marketing comprehensive service provider in the form of Offline-to-Online (O2O) solutions, that uses Smart DATA to transform over 40 million insights from its advertising media business platform (Advertising), Digital Services Business (Digital Services), Distribution Business (Distribution) and business alliances to create effective marketing services as well as helping brands reach their target customers at every point of their journey to provide a better experience.And lastly, MATCH business, which seeks new business opportunities and cooperation through the Company's MIX and MOVE platforms by sharing within the group of companies and among its business partners.
Source: i2C Communications