True : Debenture Sale Exceeds Target, Raising 15 Billion Baht, Thanks to Investors’ Confidence and Trust

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True's Debenture Sale Exceeds Target, Raising 15 Billion Baht, Thanks to Investors' Confidence and Trust

28 May 2024

Bangkok, May 28, 2024 - True Corporation Plc, the leading telecom-tech company in Thailand with Dow Jones Sustainability Indices (DJSI) ranking No. 1 globally in the telecommunications sector for six consecutive years, extends its gratitude to all investors for their confidence and investments in True's debentures. The overwhelming response from the investors led to a full subscription of the initial THB 12 billion of debentures within a short period of time, prompting the company to exercise a greenshoe option of THB 3 billion. This brought the total issue size of the debentures to THB 15 billion.

Ms. Yupa Leewongcharoen, Chief Financial Officer (Co) of True Corporation Plc, expressed her gratitude to all investors for their interests, trust, and investment in True's debentures. She also thanked the six Joint-lead arrangers including Bangkok Bank, KASIKORNBANK, Siam Commercial Bank, CIMB Thai Bank, UOB, and Asia Plus Securities for their continuous supports, together with those who subscribed the debentures through the TrueMoney Wallet application. Investing in True's debentures presents a compelling opportunity, especially during times of economic uncertainty. True is dedicated to strengthening its businesses and adhering to good corporate governance. Consequently, it has attracted overwhelming interest from investors.

True's debenture offerings provided investors with flexibility to choose a suitable investment term. With maturities ranging from 1 year and 3 months to 10 years, investors could align their investment horizon with their financial goals, whether short-term, medium-term, or long-term. Additionally, the company and its debentures have been rated A+ with a "stable" outlook by TRIS Rating, reflecting the company's creditworthiness as the industry leader possessing a solid financial position, the business strengths, as well as the growth potential.

The funds raised from this debenture issuance will be used to repay existing debts and as working capital to support the company's future business expansion. True is committed to conducting its business with good corporate governance, considering the interests of all stakeholders to achieve robust and sustainable growth.

• Debenture

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