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GULF Sets Final Interest Rates for Six Debenture Tranches at 1.83 - 3.00% p.a. Offering 3- to 10-Year - มิติหุ้น | ชี้ชัดทุกการลงทุน

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Mitihoon – GULF Sets Final Interest Rates for Six Debenture Tranches at 1.83 – 3.00% p.a. Offering 3- to 10-Year Tenors to Institutional and/or High–Net–Worth Investors and Retail Investors, with Subscriptions During 19 – 21 October via Financial Institutions and “Paotang” Application

Gulf Development Public Company Limited (GULF) has announced the final coupon rates for six debenture tranches, comprising both conventional and digital debentures, with tenors ranging from 3 to 10 years and coupon rates of 1.83% – 3.00% per annum. With an aggregate issue size of up to THB 20 billion, the debentures will be open for subscription during 19 – 21 October 2026 through eight leading financial institutions and “Paotang” application. The debentures are rated “AA-” with a “Stable” outlook by TRIS Rating, reflecting GULF’s strong business profile and solid financial position.

GULF has finalized the interest rates for all six debenture tranches, detailed as follows:

(1) 3-year zero-coupon debenture with a discount rate of 1.83% per annum;

(2) 4-year debenture at 2.10% per annum;

(3) 5-year debenture at 2.33% per annum;

(4) 7-year digital debenture at 2.80% per annum;

(5) 7-year debenture at 2.80% per annum; and

(6) 10-year debenture at 3.00% per annum.

Interest will be paid semi-annually throughout the respective tenors of the debentures, except for the 3-year zero-coupon debenture. The subscription period will be open during 19 – 21 October 2026, with the registration statement and draft prospectus (Filing) for the debenture offering now effective.

All six debenture tranches are name-registered, unsubordinated and unsecured debentures with a debenture holders’ representative, with an aggregate issue size of up to THB 20 billion. The debentures were assigned a credit rating of “AA-” with a “Stable” outlook by TRIS Rating Company Limited on 24 August 2026, underscoring GULF’s strong business capabilities, operating performance, solid financial position and ability to repay its debenture obligations.

For retail investors, the offered tranches comprise 4-year, 5-year, 7-year digital, and 10-year debentures. The 4-year, 5-year, and 10-year debentures will be offered through eight leading financial institutions: (1) Bangkok Bank Public Company Limited; (2) Krung Thai Bank Public Company Limited; (3) KASIKORNBANK Public Company Limited, together with KASIKORN Securities Public Company Limited as its selling agent; (4) The Siam Commercial Bank Public Company Limited, together with InnovestX Securities Company Limited as its selling agent; (5) United Overseas Bank (Thai) Public Company Limited; (6) Bank of Ayudhya Public Company Limited; (7) CIMB Thai Bank Public Company Limited; and (8) Asia Plus Securities Company Limited. The minimum subscription is THB 100,000, with subsequent subscriptions in multiples of THB 100,000.  However, the 7-year digital debenture will be offered exclusively through Krung Thai Bank Public Company Limited’s “Paotang” application, with a minimum subscription of THB 1,000 and additional subscriptions in multiples of THB 1,000, subject to a maximum of THB 50 million per transaction.

Ms. Yupapin Wangviwat, Chief Financial Officer of GULF, said, “We are pleased and grateful for the overwhelming interest from investors in our debenture offering. GULF has once again achieved a successful bookbuilding, with demand reaching three times the amount allocated to institutional and/or high-net-worth investors. In addition, the Company is expanding investment opportunities for retail investors through the 7-year digital debenture offered via the ‘Paotang’ application, making GULF’s debentures more conveniently and widely accessible, with a minimum subscription of only THB 1,000. The digital debentures will be open for subscription from 19 – 21 October 2026. Proceeds from this offering will be used to repay maturing debentures and support further investments in renewable energy and digital infrastructure, including data centers, cloud services and artificial intelligence (AI), supporting GULF’s long-term growth.”

GULF reported another quarter of robust earnings growth in 2Q2026, achieving a record-high core profit of THB 12.33 billion, up 74% YoY, while total revenue increased 24% YoY to THB 50.29 billion. The strong performance was primarily driven by continued growth across its energy portfolio, including natural gas-fired and renewable power generation, as well as its gas resource business covering natural gas procurement and wholesale trading. GULF also recorded a contribution from its share of profit from Advanced Info Service Public Company Limited (AIS).

Joint Lead Arrangers and Subscription Channels

Investors interested in subscribing to the debentures may obtain further information from the draft prospectus available at www.sec.or.th or contact the Joint Lead Arrangers through the following channels:

  1. Bangkok Bank Public Company Limited (except Micro Branches), Tel. 1333, or subscribe via the Bangkok Bank Mobile Banking application for individual retail investors.
  2. Krung Thai Bank Public Company Limited, Tel. 02-111-1111. Individual investors may also subscribe online via Money Connect by on the Krungthai NEXT application (for conventional debenture) or Corporate Bond Wallet via Paotang application (for digital debenture).
  3. KASIKORNBANK Public Company Limited, Tel. 02-888-8888, press 869. Individual investors may subscribe online via the K PLUS application. This includes KASIKORN Securities Public Company Limited acting as a selling agent of KASIKORNBANK.
  4. The Siam Commercial Bank Public Company Limited, Tel. 02-777-6784, or subscribe via the SCB EASY application for Thai individual investors. This includes InnovestX Securities Company Limited acting as a selling agent.
  5. United Overseas Bank (Thai) Public Company Limited, at all branches or Tel. 02-285-1555.
  6. Bank of Ayudhya Public Company Limited, Tel. 1572, or subscribe via the krungsri app for individual retail investors.
  7. CIMB Thai Bank Public Company Limited, Tel. 02-626-7777. Individual retail investors may also subscribe online via the CIMB Thai application.
  8. Asia Plus Securities Company Limited, Tel. 02-680-4004

For the digital debentures, investors may register for a Corporate Bond Wallet via the “Paotang” application. Details are available at http://www.krungthai.com/th/krungthai-update/promotion-detail/916 or contact Krung Thai Bank Public Company Limited at Tel. 02-111-1111

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