Singha Estate (S) Prepares to Issue New Bonds with a 3-Year 3-Month Maturity and Interest Rate of 4.60–4.80% per Year, Highlighting Strong Regular Income and Cash Flow from Operations

Following the positive response from investors to the company's previous bond offering, Singha Estate Public Company Limited, or “S,” is ready to offer a new bond series to the general public. Currently, the company is in the process of filing a debt instrument registration statement (filing) to offer bonds that are registered in the name of the holder, non-subordinated, unsecured, and with a bondholder representative to the Securities and Exchange Commission (SEC). The bonds will have a maturity of 3 years and 3 months, with an interest rate of [4.60 – 4.80]% per year. Interest on these bonds will be paid every 3 months, with the final interest rate to be announced later. The minimum subscription amount is 100,000 baht, in increments of 100,000 baht. The public offering is expected to take place between June 29 – 30 and July 1, 2026. The company has appointed 5 financial institutions as bond underwriters, including Krung Thai Bank, Kasikorn Bank, Asia Plus Securities, Krung Thai Xspring Securities, and Maybank Securities (Thailand).

The bonds have been rated by TRIS Rating Co., Ltd. on May 26, 2026, at “BBB-” with a “Stable” outlook, while the corporate credit rating is at “BBB” with a “Stable” outlook, indicating an investment-grade level. TRIS Rating stated that the credit rating reflects the company's high-quality hotel assets, as well as its well-recognized residential brands in the market and regular income from commercial real estate.

Mr. Chai Rat Siwapornpan, Chief Executive Officer of Singha Estate Public Company Limited, or ‘S’ stated, “The company is confident that the new bond series will receive a positive response from investors once again, reflecting confidence in and the potential of the company’s business operations. In the first quarter of 2026, the company reported total revenue from sales and services of 3,263 million baht, with over 90% coming from stable income businesses such as hotels and commercial real estate, reflecting the continuity of revenue, profit, and stable cash flow from these businesses. Meanwhile, net profit was 148 million baht, approximately doubling compared to the first quarter of 2025, with net profit attributable to the company’s shareholders at 49 million baht, increasing about 12 times from the same period last year, reflecting improved business management and operational efficiency.”