BTS Group Holdings Public Company Limited, or 'BTS Group', has announced its readiness to offer bonds in two sets: a 2-year bond with a fixed interest rate of 3.40% per annum and a 3-year bond with a fixed interest rate of 3.60% per annum. The subscription is expected to open on September 29-30 and October 1, 2025, available to both retail and institutional investors through 11 leading financial institutions appointed as underwriters. Tris Rating has rated the company's creditworthiness and the bonds at 'BBB+' with a 'Stable' outlook, catering to investors seeking consistent returns amid economic volatility, while continuing to strengthen its position as the world's number one sustainable transportation service provider.

Ms. Chawadee Rungreung, Chief Financial Officer of BTS Group Holdings Public Company Limited, revealed that BTS Group is set to offer long-term bonds for the second time in 2025, consisting of registered bonds that are non-subordinated and unsecured, with two series: the first series being a 2-year bond with a fixed interest rate of 3.40%, maturing in 2027, and the second series being a 3-year bond with a fixed interest rate of 3.60%, maturing in 2028, with interest payments every six months throughout the bond's duration.

The two bond series are expected to be available for subscription on September 29-30 and October 1, 2025, for both retail and institutional investors through 11 leading financial institutions appointed as bond underwriters, including Bangkok Bank Public Company Limited, Krung Thai Bank Public Company Limited, Kasikorn Bank Public Company Limited, Siam Commercial Bank Public Company Limited, CIMB Thai Bank Public Company Limited, Kiatnakin Phatra Securities Public Company Limited, Maybank Securities (Thailand) Public Company Limited, Yuanta Securities (Thailand) Company Limited, Asia Plus Securities Company Limited, KGI Securities (Thailand) Public Company Limited, and Krung Thai Xspring Securities Company Limited. The minimum subscription amount is set at 100,000 Baht, with increments of 100,000 Baht. The issuer and the bonds have been rated in the investment-grade category at 'BBB+' with a 'Stable' outlook by Tris Rating on August 26, 2025, reflecting a strong business and financial position due to consistent service revenue from operating and maintenance contracts, as well as cash flow from a 33.33% investment in the BTS Rail Mass Transit Growth Infrastructure Fund (BTSGIF) and a solid position in the advertising business.

Ms. Chawadee Rungreung, Chief Financial Officer of BTS Group Holdings Public Company Limited, further stated that the company believes this bond offering will attract interest from investors who have confidence in BTS Group's business potential and provide another option for those seeking stable and consistent returns amid an uncertain investment climate. The company plans to use the funds raised from this offering to repay debts, which will strengthen its financial position and enhance its potential for sustainable growth in the future.

In the past 1-2 years, BTS Group has continuously expanded its rail mass transit network by launching the Yellow Line, covering a total distance of 30.4 kilometers with 23 stations (from Ladprao to Samrong), and the Pink Line, covering a total distance of 34.5 kilometers with 30 stations (from Khae Rai to Min Buri). Additionally, the Pink Line extension into Muang Thong Thani, covering 2.6 kilometers with 2 additional stations, has been opened. As a result, the current rail network, which includes the Green Line, Gold Line, Yellow Line, and Pink Line, spans a total of 138 kilometers. Besides the rail mass transit system, BTS Group has also signed contracts for the operation and maintenance of the BRT (Bus Rapid Transit) project, covering 14 stations over a distance of 15 kilometers (from Sathorn to Ratchaphruek), and has expanded investments into expressway projects, including the Bang Yai - Kanchanaburi route (M81) covering 96 kilometers and the Bang Pa-In - Nakhon Ratchasima route (M6) covering 196 kilometers, which are planned to commence commercial operations in 2025 and 2026, respectively.

BTS Group is currently in the process of submitting a registration statement and draft prospectus to the SEC, which is not yet effective. For retail investors interested in subscribing to BTS Group bonds, further details can be found at www.sec.or.th or by contacting the bond underwriters as follows:

Bond Underwriters

  • Bangkok Bank Public Company Limited (except micro branches) Tel. 1333 or subscribe via the Bangkok Bank Mobile Banking app for retail investors who are individuals.
  • Krung Thai Bank Public Company Limited Tel. 0-2111-1111 or subscribe via the Krungthai NEXT app for retail investors who are individuals.
  • Kasikorn Bank Public Company Limited Tel. 02-888-8888 press 869 or subscribe via the K-My Invest website (www.kasikornbank.com/kmyinvest) for retail investors who are Thai individuals.

(including Kasikorn Securities Public Company Limited as a sales agent of Kasikorn Bank)

  • Siam Commercial Bank Public Company Limited Tel. 02-777-6784 or subscribe via the SCB EASY app for retail investors who are Thai individuals (including Investex Securities Company Limited as a sales agent of Siam Commercial Bank).

- CIMB Thai Bank Public Company Limited Tel. 02-626-7777 or subscribe via the CIMB Thai app for retail investors who are individuals.

- Kiatnakin Phatra Securities Public Company Limited Tel. 02-165-5555 or subscribe via the Dime! app for retail investors who are individuals (including Kiatnakin Phatra Bank Public Company Limited as a sales agent of Kiatnakin Phatra Securities).

- Maybank Securities (Thailand) Public Company Limited Tel. 02-658-5050

- Yuanta Securities (Thailand) Company Limited Tel. 02-0098351-56

- Asia Plus Securities Company Limited Tel. 02-680-4004

- KGI Securities (Thailand) Public Company Limited Tel. 02-658-8888

- KTB Xspring Securities Company Limited Tel. 02-695-5555