BTS Group Holdings Public Company Limited, or BTS, successfully offered 3 tranches of bonds in its first issuance of 2026, with a total value of 15 billion baht, meeting its target, drawing strong interest from general investors. Ms. Chawadee Rungruang, the company's Chief Financial Officer, disclosed that the three tranches are registered, unsubordinated, unsecured bonds with a bondholders' representative. Tranche 1 has a 2-year term with a fixed interest rate of 3.20% per year, maturing in 2028. Tranche 2 has a 3-year term with a fixed interest rate of 3.55% per year, maturing in 2029. Tranche 3 has a 4-year term with a fixed interest rate of 3.75% per year, maturing in 2030. Interest is payable every 6 months throughout the life of the bonds. The company opened subscriptions to investors on 25 and 28-29 September 2026 through financial institutions appointed as bond distribution managers, with the bonds scheduled for issuance on 30 September 2026. BTS and the bonds received a credit rating from TRIS Rating Co., Ltd. at BBB+, which is in the Investment Grade category, with a negative rating outlook as of 24 August 2026. Ms. Chawadee said the company plans to use the proceeds from this bond offering to repay debt in order to strengthen its financial position, while continuing to expand its rail transport business and seek new business opportunities to support long-term growth. In addition, BTS is in the process of developing related systems to support the common ticket measure, preparing for connectivity with electric train networks and operating systems to accommodate future cooperation with the government sector.
BTS Group Holdings Public Company LimitedBTS successfully issued 15 billion baht of bonds, meeting its target, with proceeds to repay debt and strengthen its financial position.
