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GULF Issues New Debentures in 4 Series, Credit Rating AA-

GULF Issues New Debentures in 4 Series, Credit Rating AA-

MGR Online•Economy•1d ago

Reader Briefing

Gulf Development Public Company Limited (GULF) is issuing four new series of debentures, aiming to maintain its strong credit rating of AA-.

  • •GULF has filed a registration statement for offering debentures to institutional and high-net-worth investors.
  • •The debentures will be offered in four maturities: 3, 5, 7, and 10 years.
  • •The company's credit rating, as assessed by TRIS Rating on February 12, 2026, stands at AA- with a stable outlook.

Overview

  • •On February 12, 2026, TRIS Rating assessed GULF's credit rating.
  • •Gulf Development Public Company Limited intends to offer debentures to institutional and high-net-worth investors.
  • •The credit rating for both the organization and its debentures is "AA-", with a "Stable" outlook.
  • •Gulf Development Public Company Limited has filed a registration statement and draft prospectus with the SEC.
  • •GULF is a leader in Thailand's energy sector, involved in natural gas, renewable energy, infrastructure, data centers, cloud, and telecommunications.
  • •Details and interest rates for the debentures will be announced later by GULF.
  • •The debentures will be unsecured, unsubordinated, and registered in the name of the holder.
  • •The issuance of these debentures also involves several major banks acting as joint arrangers.

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Key Entities

Organization

Gulf Development Public Company Limited(บริษัท กัลฟ์ ดีเวลลอปเมนท์ จำกัด (มหาชน))
An energy and infrastructure company in Thailand issuing new debentures.
GULF
Abbreviation for Gulf Development Public Company Limited, an issuer of new debentures.
The Securities and Exchange Commission(สำนักงานคณะกรรมการกำกับหลักทรัพย์และตลาดหลักทรัพย์)
The regulatory body to which GULF filed its debenture offering registration statement.
TRIS Rating Company Limited(ทริสเรทติ้ง จำกัด)
The credit rating agency that assessed GULF's creditworthiness.
Bangkok Bank Public Company Limited(ธนาคารกรุงเทพ จำกัด (มหาชน))
One of the joint arrangers for the GULF debenture issuance.
BBL
Abbreviation for Bangkok Bank Public Company Limited, a joint arranger for GULF's debentures.
Krungthai Bank Public Company Limited(ธนาคารกรุงไทย จำกัด (มหาชน))
One of the joint arrangers for the GULF debenture issuance.
KTB
Abbreviation for Krungthai Bank Public Company Limited, a joint arranger for GULF's debentures.
Kasikornbank Public Company Limited(ธนาคารกสิกรไทย จำกัด (มหาชน))
One of the joint arrangers for the GULF debenture issuance.
KBANK
Abbreviation for Kasikornbank Public Company Limited, a joint arranger for GULF's debentures.
Siam Commercial Bank Public Company Limited(ธนาคารไทยพาณิชย์ จำกัด (มหาชน))
One of the joint arrangers for the GULF debenture issuance.
Kiatnakin Phatra Securities Public Company Limited(บริษัทหลักทรัพย์เกียรตินาคินภัทร จำกัด (มหาชน))
One of the joint arrangers for the GULF debenture issuance.
Advanced Info Service Public Company Limited(บริษัท แอดวานซ์ อินโฟร์ เซอร์วิส จำกัด (มหาชน))
A company in which GULF has an investment in telecommunications infrastructure.
Thaicom Public Company Limited(บริษัท ไทยคม จำกัด (มหาชน))
A company in which GULF has an investment in satellite business.

Timeline

February 12, 2026(12 กุมภาพันธ์ 2026)
The date of the latest credit rating assessment for GULF by TRIS Rating.