Gulf Development Public Company Limited, or GULF, announced the 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 face value of not more than 20 billion baht. Subscription will be open from 19 to 21 October 2026 through eight leading financial institutions and the Paotang application. All six tranches received a credit rating of AA- with a Stable outlook from TRIS Rating on 24 August 2026. For the rates on each tranche, the 3-year bond is a zero-coupon bond with a discount rate of 1.83% per year, the 4-year bond carries a fixed rate of 2.10% per year, the 5-year bond carries a fixed rate of 2.33% per year, the 7-year digital bond and the 7-year bond carry a fixed rate of 2.80% per year, and the 10-year bond carries a fixed rate of 3.00% per year. Interest is paid every six months, except for the 3-year bond. Miss Yupapin Wangwiwat, 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 investors and/or high-net-worth investors. 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 single transaction. The funds raised will be used to repay bonds due for redemption and to support expansion of investment in renewable energy and digital infrastructure businesses such as data centers, cloud, and AI. Meanwhile, in its second-quarter 2026 results, GULF 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 rates on up to 20 billion baht of bonds/digital bonds, with bookbuilding demand 3.3x the institutional allocation, funding renewable energy and digital infrastructure expansion.
