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Singha Estate Set to Issue 3-Year Bonds with 4.60-4.80% Interest Rate

Singha Estate Set to Issue 3-Year Bonds with 4.60-4.80% Interest Rate

Thansettakij•Economy•12d ago

Reader Briefing

Singha Estate is preparing to launch a new bond offering aimed at bolstering its financial position and capitalizing on strong recurring income streams.

  • •Singha Estate is in the process of registering a new bond issuance with the SEC.
  • •The bonds will have a 3-year tenor and offer interest rates between 4.60% and 4.80%.
  • •The company reported strong first-quarter revenue of 3,263 million THB, with over 90% from recurring income.
  • •The bond offering is scheduled for subscription between June 29-30 and July 1, 2026.

Overview

  • •Singha Estate is currently filing its debt instrument registration statement with the SEC for a proposed bond offering.
  • •The proposed bonds will have a 3-year term, with interest rates ranging from 4.60% to 4.80%, paid quarterly.
  • •The bonds have received a credit rating of "BBB-" with a "Stable" outlook from TRIS Rating, indicating investment grade.
  • •In the first quarter of 2026, Singha Estate reported total sales and service revenue of 3,263 million THB, with over 90% from recurring income.
  • •Net profit for the first quarter of 2026 was 148 million THB, approximately doubling compared to the same period last year.
  • •The company is leveraging strong recurring income from its hotel and commercial property businesses to support cash flow.
  • •The official subscription period for the bonds is expected from June 29-30 and July 1, 2026.
  • •The detailed offering information is available for review on the SEC's website prior to investment.

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Key Entities

Organization

Singha Estate(สิงห์ เอสเตท)ℹ️
A Thai property development company preparing to issue bonds.
The Securities and Exchange Commission (SEC)(สำนักงานคณะกรรมการกำกับหลักทรัพย์และตลาดหลักทรัพย์)ℹ️
The regulatory body responsible for overseeing securities and investments in Thailand, to which Singha Estate is filing its bond issuance.
TRIS Rating(ทริสเรทติ้ง)
A credit rating agency that has assigned a 'BBB-' rating with a 'Stable' outlook to Singha Estate's proposed bonds.
Krungthai Bank(ธนาคารกรุงไทย)ℹ️
One of the five appointed lead arrangers for Singha Estate's bond offering.
Kasikornbank(ธนาคารกสิกรไทย)ℹ️
One of the five appointed lead arrangers for Singha Estate's bond offering.
Asia Plus Securities(บริษัทหลักทรัพย์ เอเซีย พลัส)
One of the five appointed lead arrangers for Singha Estate's bond offering.
Krungthai XSpring Securities(บริษัทหลักทรัพย์ กรุงไทย เอ็กซ์สปริง)
One of the five appointed lead arrangers for Singha Estate's bond offering.
Maybank Securities (Thailand)(บริษัทหลักทรัพย์ เมย์แบงก์ (ประเทศไทย))
One of the five appointed lead arrangers for Singha Estate's bond offering.
SHR
A hotel business under the Singha Estate group, mentioned for its record profits in Q2 2025.