MUD files for high-yield bond offering at 7.35% interest, subscription opens 3-5 November

InfoQuest·2 Oct 2026·

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MUD.BK ±

Summary · why it matters

MUD & Hound Public Company Limited, or MUD, has filed a draft registration statement with the Securities and Exchange Commission to issue and offer high-yield, unsubordinated, secured bonds. The issuer has the right to redeem the bonds before maturity. The bonds have a term of 2 years and 3 months, maturing in 2029, with an interest rate of 7.35% per annum, paid every 3 months. They will be offered to institutional investors and/or high-net-worth investors, secured by ordinary shares of ABP Cafe Thailand Company Limited at not less than 1.50 times the bonds issued and offered. The appraised price by an independent appraiser is 338.36 baht per share, valued using the discounted cash flow method. Subscription opens from 3 to 5 November 2026. The bond arrangers are Asia Plus Securities, Bluebell Securities, Maybank Securities Thailand, Dao Securities Thailand, and UOB Kay Hian Securities Thailand, with Asia Plus Securities Company Limited acting as the bondholders' representative. The credit rating is BB-, assigned by TRIS Rating Company Limited on 23 June 2026, and the company intends to use the proceeds from this bond offering to repay debt from its issuance of debt instruments.

Mud & Hound Public Company Limited ±