Bangkok, November 6, 2024 – AIS, Thailand’s leading telecommunications provider, has announced the interest rates for its upcoming sustainable bonds. The bonds, with maturities of 4 years and 7 years, will carry interest rates of 2.74% and 2.92% per annum, respectively. They will be offered to the general public from November 8th and 11th-12th.
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AIS, a leader in Thailand’s digital infrastructure with a vast network of mobile and high-speed internet services serving over 50 million customers, is issuing sustainable bonds with maturities ranging from 3 to 10 years and interest rates from 2.54% to 3.22% per annum. These bonds will be offered to institutional and cooperative investors. For retail investors, AIS is offering 4-year bonds at 2.74% and 7-year bonds at 2.92%, with subscriptions opening on November 8th and 11th-12th, 2024. Fitch Ratings (Thailand) Limited has assigned the bonds a credit rating of “AAA(tha)” (negative outlook).
Mr. Montree Khongkritphan, Head of Finance, AIS, stated that the total value of the sustainable bonds will not exceed 25 billion baht. They will be issued in 5 tranches:
- 3-year bonds with an interest rate of 2.54% per annum
- 4-year bonds with an interest rate of 2.74% per annum
- 5-year bonds with an interest rate of 2.76% per annum
- 7-year bonds with an interest rate of 2.92% per annum
- 10-year bonds with an interest rate of 3.22% per annum
On October 29th, 2024, AIS opened the bookbuilding process for institutional and cooperative investors, which was met with overwhelming interest, exceeding the target by two times. This strong response reflects investor confidence in AIS as a leading telecommunications provider with a solid financial position.
AIS remains committed to sustainable business practices that promote the growth of people and the environment in the digital world. This commitment includes supporting individuals and businesses in the digital economy, building a digital society, promoting the creative and safe use of technology, and advocating for environmental protection.
To make these sustainable bonds accessible to retail investors, AIS is offering two series: 4-year and 7-year bonds, with interest payments every 6 months. Retail investors can subscribe for a minimum of 100,000 baht and multiples of 100,000 baht. Subscriptions will be open on November 8th and 11th-12th, 2024, with bond issuance on November 13th, 2024, through seven leading financial institutions:
- Bangkok Bank
- Kasikornbank
- Krungthai Bank
- Siam Commercial Bank
- Krungsri Bank
- UOB Bank
- Kiatnakin Phatra Securities
Mr. Montree expressed his gratitude to investors for their confidence in AIS and their interest in subscribing to the bonds. He emphasized AIS’s commitment to strengthening its business operations and driving sustainable growth.
Investors can find more information in the filing and draft prospectus at www.sec.or.th or https://investor-th.ais.co.th/sustainable.html/id/2514389/group/sustainable_finance. For further inquiries, please contact any of the seven participating financial institutions.
AIS is a leading digital infrastructure provider driving Thailand forward with a customer base of over 51.2 million. The company operates across four core businesses: 5G mobile services, AIS 3BB FIBRE high-speed internet, enterprise services, and digital services. AIS is striving to become a Cognitive Tech-Co, an intelligent telecommunications organization, to support the digital economy and enhance the quality of life for Thai people.
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