dtac TriNet Company Limited (DTN), a wholly owned subsidiary of Total Access Communications Public Company Limited (dtac), a telecommunications service provider, is preparing to offer senior unsecured bonds with bondholder representatives to institutional investors and high-net-worth investors. The offering is expected to take place during July 11, 12 and 14. DTN is rated at "AA," with a "negative" outlook by TRIS Rating Co., Ltd. Bangkok Bank, Bank of Ayudhya, and Kasikornbank will be joint lead arrangers for the bonds.
Sharad Mehrotra, Chief Executive Officer of dtac, stated that "The company has filed a registration statement with the SEC at the beginning of June for permission to offer the bonds with a minimum subscription value of 100,000 baht and in multiples of 100,000 baht for high-net-worth investors. The offering is expected to take place during July 11, 12, and 14. Bond maturity, rate of return, and details of the subscription will be disclosed at a later date."
DTN is a telecommunications service provider under the dtac brand, with a subscriber base in Thailand as of the end of 2021 of approximately 19.6 million. DTN is also a license holder for various spectrums such as 700 MHz, 900 MHz, 1800 MHz, 2100 MHz, and 26 GHz. and broadened its service of 4G TDD on the 2300 MHz spectrum under the concession of NT (formerly TOT). DTN has been allocated 700 MHz through the spectrum allocation process by the NBTC. Thus, DTN can provide comprehensive services, including voice, high-speed internet, domestic mobile, international roaming, International Direct Dialing (IDD), and other value-added services."
The proposed amalgamation between dtac and TRUE is currently pending approval from relevant authorities while both companies are also seeking approvals from related creditors. The new entity will be established as a telecom-tech company, guided by the leading expertise of the principal shareholders, and will be well situated to cope with rapid changes in customer demand, competitive scenario, and develop technologies to drive Thailand's 4.0 strategy.
DTN intends to apply the proceeds from the bonds to repay debt, make investments in its telecom networks and use for general corporate purposes. Interested investors can learn more at www.sec.or.th or contact the three financial institutions that are joint lead arrangers of the bonds as follows:
- Bangkok Bank Public Company Limited (except Micro Branches): Tel. 1333
- Bank of Ayudhya Public Company Limited: Tel. 1572
- Kasikornbank Public Company Limited: Tel. 02-8888888 ext. 819