SHR to offer debentures at 4.50% interest September 14-16

Thansettakij•Economy•6d ago

Reader Briefing

SHR will offer debentures with a 4.50% annual interest rate from September 14 to 16 to refinance existing debt and fund hotel renovations.

•SHR is offering debentures with a tenure of 2 years and 9 months at an interest rate of 4.50% per year.
•The offering period for the debentures is scheduled for September 14–16.
•SHR plans to use the proceeds to repay maturing debentures and fund major renovations of hotels.
•TRIS Rating assesses that SHR's growth is supported by an asset upgrade plan.

•SHR will offer the sale of debentures from September 14–16.
•The debentures have a tenure of 2 years and 9 months with an interest rate of 4.50% per year.
•SHR intends to use the raised funds to repay existing debentures that have reached their redemption date.
•SHR plans to undertake major renovations of hotels to upgrade assets and increase competitiveness.
•TRIS Rating states that SHR's growth is supported by an asset upgrade plan to increase revenue potential and room rates.
•SHR currently operates 33 hotels with 4,035 rooms in major tourist destinations.
•Six hotels in Thailand and Maldives, along with The Marina at Crossroads, have received Green Globe standards.
•SHR is one of the main companies under the Singha Estate group.

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SHR

A hotel business company and main member of the Singha Estate group that operates 33 hotels.

Singha Estate(สิงห์ เอสเตท)

The parent company of SHR focusing on diverse investments for balance and sustainable growth.

TRIS Rating(ทริสเรทติ้ง)

The entity that assessed that SHR's growth is supported by an asset upgrade plan.

The Marina at Crossroads(เดอะ มารีน่า แอท ครอสโร้ดส์)

A property that has received Green Globe standards.

Thailand(ไทย)ℹ️

A location where SHR has hotels that received Green Globe standards.

Maldives(มัลดีฟส์)ℹ️

A location where SHR has hotels that received Green Globe standards.