Gulf Development Public Company Limited, or GULF, has announced final interest rates for six tranches of bonds and digital bonds with maturities of 3 to 10 years, at 1.83% to 3.00% per year, with a total value of up to 20 billion baht. Subscription opens from October 19 to 21, 2026, through eight leading financial institutions and the Paotang application. The six tranches consist of a 3-year zero-coupon bond with a discount rate of 1.83% per year, a 4-year bond at 2.10% per year, a 5-year bond at 2.33% per year, a 7-year digital bond and a 7-year bond at 2.80% per year, and a 10-year bond at 3.00% per year. The bonds received a credit rating from TRIS Rating Company Limited on August 24, 2026, at AA- with a Stable outlook. Miss Yupapin Wangviwat, Chief Financial Officer of GULF, said the bookbuilding was successful, with demand reaching 3.3 times the value of bonds allocated to institutional and high-net-worth investors. The 7-year digital bond is offered exclusively through Krungthai Bank's Paotang application, with a minimum subscription of 1,000 baht and a maximum of 50 million baht per subscription. The proceeds from the fundraising 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. For its second-quarter 2026 results, GULF posted a record operating profit of 12.332 billion baht, up 74% from the same period last year, with total revenue of 50.294 billion baht, up 24% from the same period last year.
Gulf Energy Development Public Company LimitedGULF priced six bond/digital-bond tranches at 1.83-3.00% raising 20 billion baht, with bookbuilding 3.3x oversubscribed, to refinance debt and fund renewable/data-center expansion.
