Bangkok – AIS, or Advanced Info Service Public Company Limited, has announced its readiness to offer ‘Sustainability Bonds‘ to the general public. The subscription period is expected to open in November 2024. This marks the first time in the Thai telecommunications industry that such bonds have been issued.
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AIS, as a leading provider of telecommunications and digital infrastructure in Thailand, with a customer base of over 50 million, is moving towards becoming a Cognitive Tech-Co. The company is driven by the “Sustainable Nation” concept,aiming to create sustainable growth for Thailand in the digital age.
AIS Sustainability Bonds: An Investment Opportunity that Meets the Needs
AIS Sustainability Bonds are available in two terms: 4 years and 7 years. The proceeds will be used to fund projects related to energy efficiency and the expansion of the 5G network nationwide, particularly in remote areas. This presents an attractive investment opportunity for those seeking to invest in a stable business that grows in tandem with sustainable development.
AIS Sustainability Bonds have been assigned a credit rating of “AAA(tha)” by Fitch Ratings (Thailand) Limited,reflecting the company’s strong business fundamentals and stable financial position. AIS has also appointed seven leading financial institutions in the country as joint lead arrangers for the bond issuance.
Mr. Montri Khongkruephan, Chief Financial Officer of AIS, said, “The issuance of these Sustainability Bonds will strengthen and create long-term growth for AIS, particularly in the development of digital infrastructure, such as the 5G network and high-speed internet, which are crucial foundations for Thailand’s digital economy.”
Mr. Montri also emphasized AIS’s commitment to sustainable business practices, stating, “AIS is not only focused on business growth, but we also prioritize building a sustainable digital society by promoting the creative and safe use of technology, as well as reducing environmental impact.”
Strong Financial Performance
In the first half of 2024, AIS reported total service revenue of 79,665 million baht, an 18% increase compared to the same period last year. Net profit reached 17,028 million baht, a 22% growth, reflecting the company’s growth potential.
The issuance of AIS Sustainability Bonds is a significant step for the Thai telecommunications industry and offers an attractive investment opportunity for those seeking stability and growth alongside sustainable development.
*** Investment involves risk. Investors should understand the product features, returns, and risks before making investment decisions.
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