Supported by Strong Recurring Income and Operating Cash Flow
Bangkok, June 2026 – Singha Estate
Public Company Limited (SET: S), an international real estate developer and
investment company, plans to offer a new tranche of debentures to the public, reflecting
investor confidence in the company’s resilient recurring-income portfolio and
improving operating performance. The company is currently filing the required
registration statement and draft prospectus with the Securities and Exchange
Commission (SEC) of Thailand for the issuance of unsecured and unsubordinated
debentures with a tenor of 3 years and 3
months.
The debentures are expected to carry an interest rate of 4.60–4.80% per annum, payable quarterly, with the final coupon
rate to be announced prior to the offering. The minimum subscription amount is
THB 100,000, with additional subscriptions in multiples of
THB 100,000. The offering is expected to take place on 29–30 June and 1 July 2026
through five appointed lead arrangers.
The debentures have been assigned a rating of “BBB-” with a “Stable”
outlook by TRIS Rating Co., Ltd., Singha Estate maintains a corporate credit
rating of “BBB” with a “Stable” outlook. Both ratings were assigned on 26 May
2026. The ratings remain within the investment-grade category.
According to TRIS Rating, the credit assessment reflects the
quality of the company’s hospitality portfolio, the strength of its residential
property brands, and the stability of recurring income generated by its
commercial property assets.
Mr. Chairath Sivapornpan, Chief Executive Officer of Singha
Estate Public Company Limited or S, said
the Company remains confident that its upcoming debenture offering will be well
received by investors, following the strong response to its previous issuances.
“We believe the continued interest from investors reflects
confidence in Singha Estate’s business fundamentals, the resilience of our
recurring-income portfolio, and our long-term growth strategy. Our hospitality
and commercial property businesses continue to generate stable and predictable
cash flows, strengthening the Company’s financial position and supporting
sustainable growth,” he said.
In the first quarter of 2026, Singha Estate reported total
revenue from sales and services of THB 3.26 billion, with more than 90%
derived from its recurring-income businesses, primarily hospitality and
commercial properties. The Company posted a net profit of THB 148 million,
nearly double the figure recorded in the same period last year. Net profit
attributable to shareholders rose to THB 49 million, representing a
twelvefold increase year-on-year.
Mr. Chairath added that the improved performance reflects the Company’s continued focus on operational efficiency, disciplined financial management, and portfolio optimization. He noted that Singha Estate continues to strengthen its diversified business platform across hospitality, commercial, residential, and industrial estate segments, while increasing the contribution of recurring income to enhance long-term financial stability and create sustainable value for shareholders.
The Singha Estate debentures are expected to be offered to investors during 29–30 June and 1 July 2026 through five leading financial institutions nationwide, as follows:
- Krung Thai
Bank Public Company Limited
Tel: +66 (0)2111-1111
Individual investors may subscribe online via Money Connect by Krungthai on the Krungthai NEXT application. - Kasikornbank
Public Company Limited
Tel: +66 (0)2888-8888, press 819
Individual investors may subscribe online at https://www.kasikornbank.com/kmyinvest. Foreign individual investors and juristic persons may subscribe through the Bank’s head office and branches. - Asia Plus
Securities Company Limited
Tel: +66 (0)2680-4004 - Krungthai
XSpring Securities Company Limited
Tel: +66 (0)2695-5555 - Maybank
Securities (Thailand) Public Company Limited
Tel: +66 (0)2658-5050
The Company is currently filing the registration
statement and draft prospectus with the Securities and Exchange Commission
(SEC) of Thailand, which have not yet become effective. Investors interested in
subscribing to the debentures are advised to review the draft prospectus and
related information available on the SEC website at www.sec.or.th.
Investment Warning: Investments involve risks. Investors should carefully study and understand the characteristics of the investment product, the terms and conditions of returns, and the associated risks before making any investment decision.
