NCAP to Offer Two Series of Bonds with 5.10–5.35% Interest, Subscription September 7–9, 2026

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Summary · why it matters

Next Capital Public Company Limited, or NCAP, has filed a registration statement with the SEC to issue and offer high-risk, unsubordinated, unsecured bonds with quarterly interest payments to institutional and high-net-worth investors. The bonds are divided into two series: Series 1 has a tenor of 2 years and 6 months, maturing in 2029, with an interest rate of 5.10–5.20% per annum; Series 2 has a tenor of 3 years, maturing in 2029, with an interest rate of 5.25–5.35% per annum. Subscription opens from September 7 to 9, 2026, with multiple underwriters including Yuanta Securities Thailand, Asia Plus Securities, and Dao Securities Thailand. Yuanta Securities Thailand acts as the bondholder representative. TRIS Rating assigned a credit rating of BBB- on July 15, 2026. The company will use the proceeds to acquire assets, make investments, or cover expenses related to its current business operations.

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