Gulf Development Public Company Limited, or GULF, announced the final coupon rates for six tranches of bonds and digital bonds with tenors of 3 to 10 years, at 1.83% to 3.00% per annum, with a total face value of not more than 20 billion baht. Subscription opens from 19 to 21 October 2026 through eight leading financial institutions and the Paotang application. All six tranches carry a credit rating of AA- with a Stable outlook from TRIS Rating, as of 24 August 2026. The tranches offered to the general public comprise a 4-year bond at 2.10% per annum, a 5-year bond at 2.33% per annum, a 7-year digital bond at 2.80% per annum, and a 10-year bond at 3.00% per annum. The 4-year, 5-year and 10-year bonds are offered through eight leading financial institutions, with a minimum subscription of 100,000 baht, while the 7-year digital bond is offered only through Krungthai Bank's Paotang application, with a minimum subscription of 1,000 baht and a maximum of 50 million baht per transaction. Ms. Yupapin Wangviwat, Chief Financial Officer of GULF, said the company succeeded in its bookbuilding, with demand reaching 3.3 times the value of the bonds allocated to institutional and high-net-worth investors. The proceeds will be used to repay bonds due for redemption and to support investment expansion in renewable energy and digital infrastructure businesses such as data centers, cloud and AI. Meanwhile, in its second-quarter 2026 results, the company posted a record operating profit of 12.332 billion baht, up 74% from the same period a year earlier, with total revenue of 50.294 billion baht, up 24% from the same period a year earlier.
Gulf Energy Development Public Company LimitedGULF set final coupon rates for up to 20 billion baht of bonds/digital bonds, with bookbuilding demand 3.3x the allocated amount, funding repayment and expansion.
