NCAP to issue two bond tranches after strong second-quarter profit

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Nex Capital Public Company Limited, or NCAP, is preparing to offer two bond tranches with tenors of 2 years 6 months and 3 years to institutional and high-net-worth investors. Subscription is expected to open between 7 and 9 September 2026. The 2-year-6-month tranche carries an estimated fixed coupon of 5.10 to 5.20 percent per annum, while the 3-year tranche is set at 5.25 to 5.35 percent per annum, with interest paid every three months. This fundraising is part of capital structure management to support expansion of the motorcycle hire-purchase loan portfolio, after the company received a corporate credit rating of BBB minus with a positive outlook from TRIS Rating on 15 July 2026. For the second quarter of 2026, total revenue was 589.17 million baht, up 9.72 percent, and net profit was 196.63 million baht, up 34.12 percent from the same period last year. The company targets expanding its motorcycle loan portfolio by no less than 15 percent in 2026 and keeping non-performing loans at no more than 1.30 percent.

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