Gulf Energy Sells 20 Billion Baht Debentures, Oversubscribed 2.1 Times
The user wants a short summary of the article about Gulf Energy selling debentures. Let me extract the key facts: 1. Gulf Energy (GULF) sold 20 billion baht in debentures across 6 tranches 2. Oversubscribed 2.1 times (42 billion baht in ord
Investors rushed to subscribe to GULF's debentures and digital debentures across six tranches, with demand exceeding the offering by 2.1 times. The digital tranche sold out its 1.5 billion baht allocation via the "Pao Tang" app, reflecting strong investor confidence.
Yupapin Wangviwat, Chief Financial Officer of Gulf Energy Development Public Company Limited (GULF), announced the company successfully sold "debentures" and "digital debentures" across six tranches totaling 20 billion baht on October 19-21. The offering drew overwhelming investor interest with combined subscription orders of 42 billion baht, exceeding the offer value by more than 2.1 times, reflecting confidence in the company's business potential. The company plans to use the proceeds to repay maturing debt and support long-term growth investments.
"The company successfully sold all six tranches of debentures and digital debentures totaling 20 billion baht, receiving strong demand from retail investors, institutional investors, and major investors with combined subscription orders of 42 billion baht, or 2.1 times the offer value. The digital debentures via the 'Pao Tang' app were equally well-received, with the full 1.5 billion baht allocation subscribed within a very short time," she said.
This reflects confidence in GULF's potential and strength. The company thanked all investors for their overwhelming interest. Proceeds will be used to repay maturing debt alongside supporting investment plans to expand businesses in renewable energy and digital infrastructure such as Data Centers, Cloud, and AI for long-term growth.
The six tranches offered are: 1. 3-year Zero Coupon Bond at 1.83% discount per annum, 3 billion baht 2. 4-year at 2.10% per annum, 3 billion baht 3. 5-year at 2.33% per annum, 6 billion baht 4. 7-year Digital Debenture at 2.80% per annum, 1.5 billion baht 5. 7-year at 2.80% per annum, 2 billion baht 6. 10-year at 3.00% per annum, 4.5 billion baht
All six tranches carry a weighted average fixed coupon of 2.45% and average tenor of 6.03 years. The offering was supported by eight leading financial institutions as underwriters: Bangkok Bank, Krungthai Bank, Kasikornbank, Siam Commercial Bank, UOB, Bank of Ayudhya, CIMB Thai, and Asia Plus Securities.
