Noble Development Public Company Limited, or NOBLE, is preparing to offer its second bond issuance of 2026, with a tenor of 2 years and 11 months, a fixed coupon of 6.15% per annum, and interest payments every 3 months. The subscription period will run from August 4 to 6, 2026, for both retail and institutional investors. Proceeds will be used to repay maturing bonds. This bond issue has been assigned a credit rating of BBB- with a stable outlook by TRIS Rating on July 1, 2026, which is equivalent to the company's corporate rating. Mr. Thongchai Busaraphan, Vice Chairman and Co-Chief Executive Officer, disclosed that the company places importance on prudent liquidity and capital structure management. This bond offering is part of financial planning to strengthen the capital structure and support long-term growth. He noted that the company has clear cash flow support factors from continuously growing sales and the gradual transfer of large-scale projects. The recent One Price One Month campaign, which began on June 29, has generated sales from completed and ready-to-transfer projects exceeding 2 billion baht, surpassing the set target. These sales have the potential to be gradually transferred and recognized as revenue, generating immediate cash flow within the third quarter of 2026, which will help enhance liquidity and support the repayment of bonds maturing in September 2026. Additionally, the company has four more large-scale projects that are completed and ready for transfer: New Evo Ari, Noble Form Thonglor, Noble Create, and New Riverest Ratburana. These will gradually recognize revenue and generate continuous cash flow throughout the year. The company also has a backlog of over 22 billion baht, which will be recognized as revenue over the next four years, reflecting its ability to generate sustained long-term income. Retail investors can subscribe to NOBLE bonds with a minimum subscription of 100,000 baht and multiples of 100,000 baht through the eight bond underwriters.
Noble Development Public Company LimitedCompany issuing new bonds to refinance maturing debt, with strong sales and backlog supporting liquidity.