BTS to issue 3 tranches of bonds with 2-4 year maturities, coupons 3.20%-3.75%, subscription opens Sept 25-29

InfoQuest·22 Sep 2026·

·Read original

2▲1 ▼0Impact / 5

Corporate Action Ground Transportation

BTS.BK ▲

Summary · why it matters

BTS Group Holdings is preparing to issue long-term bonds, its first offering of 2026, in three tranches for sale to general investors. The first tranche has a 2-year maturity with a fixed coupon of 3.20% per year, the second has a 3-year maturity with a fixed coupon of 3.55% per year, and the third has a 4-year maturity with a fixed coupon of 3.75% per year. The bonds are registered, unsubordinated, unsecured, and have a bondholders' representative. On its financial position in the first quarter of the 2026/27 fiscal year, the company held more than 54.5 billion baht in cash and highly liquid investments, with steady cash inflows from long-term electric train operating contracts, along with a credit rating from TRIS Rating at BBB+ with a negative outlook as of August 24, 2026. The company will open subscriptions on September 25 and September 28-29, 2026, through 13 leading financial institutions, including Bangkok Bank, Krungthai Bank, Kasikornbank, Siam Commercial Bank, Government Savings Bank, and eight securities firms.

BTS Group Holdings Public Company Limited ▲