True : Launches Four New Debentures with Attractive Returns

About this update from True Corporation Public Company Limited

ReleasesBetterTogether True Corporation Launches Four New Debentures with Attractive Returns 23 January 2025 Fixed interest rates ranging from 35 - 4.00% per annum with maturities of 3 to 10 years Tentative subscription period: February 6-7 and 10, 2025Bangkok, January 23, 2025 - True Corporation Plc, Thailand's leading telecom-tech company and the global leader in sustainability with the highest DJSI 2024 score in the world in the telecommunications sector for seven consecutive years, announced new debenture offerings of four tranches with maturities ranging from 3 to 10 years and fixed coupon between 3.35% and 4.00% per annum. The debentures are rated "A+" with a "Stable" outlook by TRIS Rating as of December 13, 2024, reflecting the company's robust position in both telecommunications and digital technology businesses. The subscription period is set for February 6-7 and February 10, 2025, through seven leading financial institutions: Bangkok Bank, KASIKORNBANK, Siam Commercial Bank, CIMB Thai Bank, United Overseas Bank, Kiatnakin Phatra Securities, and Asia Plus Securities. Subscriptions can also be made via the TrueMoney Wallet app, with Bank of Ayudhya serving as the registrar and debenture holder representative. Ms. Yupa Leewongcharoen, Chief Financial Officer (Co) of True Corporation Plc., stated, "True Corporation continues to demonstrate consistent growth and leadership as Thailand's top telecommunications and technology provider. In Q3 2024, the company reported an adjusted net profit of THB 3.1 billion and achieved consecutive EBITDA growth for the seventh quarter. True Corporation currently serves 12.4 million 5G subscribers, representing a 5.4% increase from the previous quarter. We are introducing new TRUE debentures with various tenors, designed to appeal to a wide range of investors including short-term (3 years), medium-term (5 years), and long-term (7 years and 10 years), with longer tenors offering higher returns. The proceeds from these debentures will be used to refinance existing debentures. With our ongoing operational and financial improvements, we believe TRUE debentures offer an attractive investment opportunity. In addition, with the current downward trend in interest rates, investing in TRUE debenture presents an opportunity for investors to secure long-term returns." True Corporation Plc. has submitted a registration statement...

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