Sansiri Joins Forces with 9 Financial Institutions to Issue Perpetual Bonds in February 2027

Share2Trade··TH·Read original
2▲0 ▼0Impact / 5
Summary · why it matters

Sansiri is preparing to issue a new series of subordinated bonds with capital-like characteristics in February 2027, with nine financial institutions acting as joint arrangers. Wichan Wiriyaphusit, Chief Financial Officer of Sansiri Public Company Limited, disclosed that this bond issuance is part of a strategic capital structure management plan to strengthen the financial statements, enhance financial flexibility and liquidity, and prepare funding sources to support business expansion plans and new project investments in 2027, alongside managing financial costs and refinancing maturing bonds. The company has received a corporate credit rating of BBB+ with a stable outlook, while this series of subordinated capital-like bonds has been assigned a credit rating of BBB- with a stable outlook by TRIS Rating Company Limited on October 2, 2026. For operating results in the first nine months of 2026, Sansiri achieved total presales of 36.4 billion baht, representing 76% of its full-year target of 48 billion baht. It has closed sales on 18 projects with a combined value of over 23.5 billion baht, and has an accumulated backlog of over 24 billion baht. In the fourth quarter of 2026, the company plans to launch 12 new projects with a combined value of 11 billion baht, covering all segments. Interested investors can study the details at www.sec.or.th or contact the nine financial institutions acting as arrangers, namely Bangkok Bank, Kasikornbank and Kasikorn Securities, Krungthai Bank, Siam Commercial Bank and InnovestX Securities, CIMB Thai Bank, Kiatnakin Phatra Securities and Kiatnakin Phatra Bank, Asia Plus Securities, Krungthai XSpring Securities, and Yuan Ta Securities (Thailand). The company is currently in the process of filing the registration statement and draft prospectus with the Securities and Exchange Commission, which has not yet taken effect.

Impact on assets 7

Financials▲
Asia Plus Group Holdings PCL
ASP
± MixedCapitalrelevance

Named as one of nine joint arrangers for Sansiri's perpetual bond issuance, a mandate mention with no stated financial impact.

Digital Finance & Tokenization▲
Bangkok Bank PCL
BBL
± MixedCapitalrelevance

Listed as a joint arranger of Sansiri's subordinated bond issue; role noted but no deal size or fee impact given.

SCB X Public Company Limited
SCB
± MixedCapitalrelevance

Siam Commercial Bank and InnovestX Securities named as joint arrangers of the Sansiri perpetual bond issuance, no specific impact stated.

Real Estate▲

Off-coverage companies 1

TRIS Rating Co., Ltd.i
Private▲ PositiveCapitalrelevance

TRIS Rating assigned the subordinated capital-like bonds a BBB- stable rating, a rating action for the issuer's new debt.