RT has repaid the bonds issued in the first tranche of 2023 along with interest, totaling 709 million baht, on time. This reinforces the company's business potential and reflects its effective financial liquidity management, instilling confidence in all bondholders while continuing to drive growth.

Mr. Chavalit Tanomthin, CEO of Right Tunneling Public Company Limited (RT), a specialist in tunnel excavation, civil engineering, and comprehensive geotechnical engineering, disclosed that the company has completed the repayment of the bonds issued in the first tranche of 2023, which has a 2-year maturity, is non-subordinated, and unsecured. Bondholders and the issuer have the right to redeem the bonds before the maturity date, with an interest rate of 6.20% per annum, paid every three months. The bonds are due for redemption on February 24, 2025, amounting to 700 million baht, and the company has repaid the principal and interest to all bondholders, totaling approximately 709 million baht.

For this bond issuance, the company utilized the funds for investments in construction projects that it has bid for and accepted both domestically and internationally, such as the construction of the dual-track railway project Den Chai-Chiang Rai-Chiang Khong, Contracts 1 and 2 (joint ventures ITD-Navarat and CKS-DC2 as the contractors), and civil engineering for the permanent structure of the hydropower plant construction project in Luang Prabang, Lao People's Democratic Republic (with Ch. Karnchang (Lao) Co., Ltd. as the contractor). The funds were also used as working capital to enhance construction efficiency, focusing on timely project delivery and continuous revenue recognition.

The timely repayment of bonds and interest underscores the company's operational potential and reflects effective financial liquidity management.

“RT continues to focus on business growth and increasing profits by taking on a wider variety of public and private construction projects, which will strengthen the company. Additionally, we are selecting projects with higher profit margins while increasing the proportion of projects that allow for quicker revenue recognition. We are also adjusting our strategy to increase short-term project acquisitions, such as slope protection work, which currently has around 700 million baht in backlog out of a total backlog of approximately 6 billion baht. Furthermore, the company emphasizes cost management and continuously improving operational standards to support future projects,” Mr. Chavalit stated.