TRUEMOVE H UNIVERSAL COMMUNICATION TO OFFER DEBENTURES ON 23 JULY WITH FIXED INTEREST OF 4.20% PER ANNUM  

TRUEMOVE H UNIVERSAL COMMUNICATION
TO OFFER DEBENTURES ON 23 JULY
WITH FIXED INTEREST OF 4.20% PER ANNUM

Bangkok; July 8, 2015 – TrueMove H Universal Communication, a subsidiary of True Corporation Plc, is preparing to offer unsubordinated and unsecured 3-year debentures with debenture holders’ representative totaling Baht 7.5 billion together with the greenshoe portion of Baht 2.5 billion. The Company is offering a fixed coupon rate of 4.20% per annum with interest payments every quarter until maturity. The debentures are priced at Baht 1,000 per unit with a minimum subscription of Baht 100,000 and in multiples of Baht 100,000. The debentures can be subscribed through three leading banks: Bangkok Bank, Krungthai Bank, and Siam Commercial Bank. The subscription period has been set on July 23-24 and July 27-28, 2015.

Mr. Noppadol Dej-Udom, Group Chief Financial Officer, True Corporation Plc. said TrueMove H Universal Communication is preparing to issue and offer unsubordinated and unsecured 3-year debentures with debenture holders’ representative. The debentures offer a fixed coupon rate of 4.20% per annum and the issuer will pay interest every quarter until maturity with bullet repayment. This makes True Group’s debentures a valued investment option for general and institutional investors. Meanwhile, the debentures have been assigned a BBB+ rating with a ‘stable’ outlook from TRIS Rating. The Company is in the filing process with the Securities Exchange Commission (SEC). The proceeds raised from the debenture issuance will be used to support business operations and/or investment.

True’s debentures are expected to open for subscription on July 23-24 and July 27-28, 2015. Interested investors can subscribe or request more information from any of the three arrangers:

  • Bangkok Bank PCL, every branch (excluding micro-branches) or tel. 1333
  • Krungthai Bank PCL, every branch or tel. 02-111-1111
  • Siam Commercial Bank PCL, every branch or tel. 02-777-7777

The allotment of subscriptions in the period shall be made at the sole discretion of the Joint Lead arrangers. 

Warning: Investment contains risks, so investor should study information in the prospectus prior to making investment decision.