BTS to offer 3 tranches of bonds with coupons up to 3.75% per year

Kaohoon··TH·Read original
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Summary · why it matters

BTS Group Holdings Public Company Limited, or BTS, plans to offer its first long-term bond issue of 2026 in three tranches to general investors. The bonds are registered, unsubordinated, unsecured, and have a bondholders' representative. Subscription is scheduled for September 25 and September 28-29, 2026. The first tranche has a 2-year maturity with a fixed coupon of 3.20% per year, the second tranche has a 3-year maturity with a fixed coupon of 3.55% per year, and the third tranche has a 4-year maturity with a fixed coupon of 3.75% per year. On its financial position, the company said that as of the first quarter of its 2026/27 fiscal year, BTS held cash and highly liquid investments totaling more than 54.5 billion baht, along with cash flow from long-term electric train operations and maintenance contracts, known as O&M. TRIS Rating assigned the company a credit rating of BBB+ with a negative outlook on August 24, 2026, which remains at Investment Grade level. Interested investors can subscribe to the bonds through 13 financial institutions: Bangkok Bank, Krungthai Bank, Kasikornbank, Siam Commercial Bank, Government Savings Bank, Kiatnakin Phatra Securities, Krungthai XSpring Securities, Maybank Securities (Thailand), YuanTa Securities (Thailand), Asia Plus Securities, KGI Securities (Thailand), Bluebell Securities, and Dao Securities (Thailand).

Impact on assets 10

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BTS Group Holdings Public Company Limited
BTS
▲ PositiveCapitalrelevance

BTS plans its first long-term bond issue of 2026 in three tranches with coupons up to 3.75%, raising long-term financing while holding over 54.5 billion baht in cash and liquid investments.

Off-coverage companies 3

Bluebell Securities Company LimitedPrivate± Mixed
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Government Savings Bank (ธนาคารออมสิน)Private± Mixed
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TRIS Rating Co., Ltd.Private± Mixed
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