True Corporation Public Company Limited extends its sincere gratitude to all investors for their unwavering confidence and support for subscribing to the company's five tranches of debentures, which were offered from August 27th to 29th, 2024. Due to the overwhelming response from investors, the initial issuance of 14 billion baht was fully subscribed very rapidly, an additional 4 billion baht greenshoe option was activated allowing more investors to participate in this opportunity and join True in advancing sustainable growth. As the leading telecom-tech company in Thailand and the world's top-ranked firm for sustainability, with six consecutive quarters of EBITDA growth, True successfully closed this debenture issuance with a total of 18 billion baht raised.
Ms. Yupa Leewongcharoen, Chief Financial Officer (Co) of True Corporation Plc, said, "We sincerely thanks all investors for their continued interest and trust in investing in True's debentures as well as the seven joint lead arrangers, namely Bangkok Bank, KASIKORNBANK, Siam Commercial Bank, CIMB, UOB, Asia Plus Securities, and Kiatnakin Phatra Securities. We also extend our gratitude to investors who subscribed the debentures via TrueMoney Wallet application. The overwhelming demand from investors, leading to the activation of the maximum greenshoe option and the total sale of 18 billion baht, reaffirms the confidence in True. We are committed to strengthening our business with a focus on sustainable growth, demonstrated by six consecutive quarters of EBITDA growth, and operating with good corporate governance principles."
The proceeds from this debenture issuance will be used to refinance maturing debts. The debentures offered consist of five tranches with maturities ranging from 1 year and 3 months to 10 years, and fixed interest rates between 2.85% and 4.20% per annum catering to investors seeking short-, medium-, and long-term investments. Additionally, both the company and its debentures have been rated "A+" with a "Stable" outlook by TRIS Rating, reflecting the company's creditworthiness as the industry leader possessing a solid financial position, the business strengths, as well as the growth potential.True is also committed to good corporate governance and has been ranked No. 1 globally in Dow Jones Sustainability Indices (DJSI) in the telecommunications sector for six consecutive years.