At the start of February, the bond market sees large companies announcing new bond issuances, offering investors seeking alternatives the chance to secure returns amid ongoing interest rate volatility.
This round features bonds with interest rates up to 3.90% per year, available for retail investors to "purchase," including energy company TPI Polene Power Public Company Limited (TPIPP) and real estate firm Origin Property Public Company Limited (ORI).
First, TPI Polene Power Public Company Limited (TPIPP) plans to offer environmental bonds that are unsecured and non-subordinated, with a 3-year 3-month term and an interest rate of 3.90% per annum, payable quarterly. The bonds will be offered generally to both retail and institutional investors.
Subscription opens from 3 to 5 February 2026, with bond placement managers as follows:
1. For general and institutional investors: CIMB Thai Bank, Asia Plus Securities, KGI Securities (Thailand), Krungthai XSpring Securities, and Maybank Securities (Thailand).
2. For general investors only (excluding institutional investors and cooperatives): Krungsri Securities, Pi Securities, Globlex Securities, CGS-CIMB Securities (Thailand), Beyond Securities, Bluebell Securities, Finansia Syrus Securities, Phillip Securities (Thailand), Mersin Partner Securities, UOB Kay Hian Securities (Thailand), Trinity Securities.
Krungsri Ayudhya Bank Public Company Limited will act as the bondholders’ representative.
The bonds were rated by TRIS Rating Company Limited on 17 November 2025.
The company intends to use the proceeds from this bond offering to invest in projects related to ESG (Environmental, Social, and Governance) under the GSSB framework.
Next is Origin Property Public Company Limited (ORI), which is expected to issue and offer unsecured, non-subordinated bonds paying interest quarterly, available to both retail and institutional investors (with individual institutional investors subscribing as retail investors only).
These bonds are divided as follows:
1. Series 1 with a term of 1 year 3 months, maturing in 2027, with interest rates to be announced.
2. Series 2 with a term of 2 years 6 months, maturing in 2028, with interest rates to be announced.
Subscription will be open from 10 to 12 February 2026.
The bond placement managers include CIMB Thai Bank, Asia Plus Securities, CGS-CIMB Securities (Thailand), Bluebell Securities, ASL Securities, UOB Kay Hian Securities (Thailand), Maybank Securities (Thailand), Pi Securities, Mersin Partner Securities, Phillip Securities (Thailand), with Asia Plus Securities acting as the bondholders’ representative.
TRIS Rating Company Limited rated these bonds on 15 January 2026.
The company intends to use the proceeds from this bond issuance to repay debt from previous bond issues.
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