Krungthai and Gulf Launch Digital Bond GULF with 2.80% Interest, Bookings via Paotang on October 19

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Summary · why it matters

Krungthai Bank has partnered with Gulf Development to open subscriptions for a 7-year GULF digital bond with a fixed interest rate of 2.80% per year, paying interest every 6 months, through the bond trading wallet on the Paotang application, starting October 19, 2026 at 08:30 until fully subscribed but no later than October 21, 2026 at 15:00. The minimum subscription amount is 1,000 baht, increasing in multiples of 1,000 baht, with a maximum of 50 million baht per subscription. Allocation is on a first-come, first-served basis. The bond is a registered, unsubordinated, unsecured bond with a bondholders' representative. It has been assigned a credit rating of AA- with a stable outlook by Tris Rating Company Limited on August 24, 2026. GULF reported record operating profit in the second quarter of 2026 of 12.332 billion baht, up 74%, with total revenue of 50.294 billion baht, up 24% from the same period last year. Investors can buy and sell the bond in the secondary market through digital channels in real time, 24 hours a day, receiving the bond immediately upon purchase and receiving funds immediately upon sale.

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Off-coverage companies 1

TRIS Rating Co., Ltd.i
Private± MixedRegulationrelevance

TRIS Rating assigned the GULF bond an AA- stable rating, only a passing credit-rating mention.