Spotlight on 15 Bond Series from 6 Major Companies Launching in May Retail Investors Eligible with Interest Rates Up to 6.15%

At a time when deposit interest rates remain disappointingly low, the Thai bond market is regaining momentum, offering a wider and more exciting range of options for investors seeking steady income.

From bonds yielding as high as 6.15% per year to those designed with quarterly interest payments appealing to cash flow-focused investors, private sector debt instruments are once again gaining attention.

Especially in May, leading private companies are gradually offering a total of more than 15 bond series from 6 companies to the general public and retail investors for subscription.

Two bonds from BRI offer up to 6.15% interest with quarterly payments.

Britania Public Company Limited (BRI). They are expected to issue and offer unsubordinated, secured bonds with early redemption rights, paying interest quarterly, offered to the general public and/or institutional investors in two series.

• Series 1: 1 year 9 months maturity, redeemable in 2028, with an interest rate of 5.65-5.85% per annum.
• Series 2: 2 years 9 months maturity, redeemable in 2029, with an interest rate of 5.95-6.15% per annum.

Subscription period: 5-7 May 2026.

Bond distribution managers: ASL Securities, Asia Plus Securities, Bluebell Securities, Beyond Securities, Dao (Thailand) Securities, CGS International (Thailand) Securities, Finansia Syrus Securities, Globlex Securities, KGI Securities (Thailand), Mersin Partners Securities, Maybank Securities (Thailand), Phillip Securities (Thailand), UOB Kay Hian Securities (Thailand), Yuanta Securities (Thailand).

Bondholders' representative: Asia Plus Securities.

Credit rating: Issuer BBB-, bonds BBB-.

Purpose: To repay other debts, redeem bonds, and settle intra-group debts.

CPALL bonds open for subscription by existing bondholders before May.

CP All Public Company Limited (CPALL). Expected to issue and offer unsecured, unsubordinated bonds with a maturity of 5 years 10 months 27 days, bearing interest of 2.53–2.73% per annum.

Offered to the general public (excluding institutional investors and cooperative juristic persons; however, individual institutional investors may subscribe as general investors).

Subscription periods: Phase 1: 8 and 11-12 May 2026 for general investors who are holders of CPALL266A bonds; Phase 2: 11-12 and 15 June 2026 for general investors.

Bond distribution managers: Bangkok Bank, Krung Thai Bank, Kasikornbank, Siam Commercial Bank, Krungsri Bank, CIMB Thai Bank, UOB Bank, Kiatnakin Phatra Securities.

Bondholders' representative: Krung Thai Bank.

Credit rating: Issuer AA-, bonds AA-.

Purpose: To repay debts from bond issuance.

PSH issues 2 bond series with interest rates of 3.40-3.75%.

Pruksa Holding Public Company Limited (PSH). Expected to issue and offer unsubordinated, guaranteed bonds paying interest quarterly, offered to the general public (individual institutional investors may subscribe as general investors) in two series.

• Series 1: 2 years maturity, redeemable in 2028, with an interest rate of 3.40% per annum.
• Series 2: 3 years maturity, redeemable in 2029, with an interest rate of 3.75% per annum.

Subscription period: 8 and 11-12 May 2026.

Bond distribution managers: Kasikornbank, Kiatnakin Phatra Securities, Krungthai XSpring Securities, Asia Plus Securities (for general and institutional investors).

Bondholders' representative: Krungsri Bank.

Credit rating: Issuer BBB+, bonds BBB+.

Purpose: For short-term working capital.

Four bonds from TRUE paying interest between 2.50-3.25%.

True Corporation Public Company Limited (TRUE). Issuing and offering unsubordinated, unsecured bonds paying interest every 6 months, offered to the general public (individual institutional investors may subscribe as general investors) in four series.

• Series 1: 4 years maturity, redeemable in 2030, with an interest rate of 2.50% per annum.
• Series 2: 5 years maturity, redeemable in 2031, with an interest rate of 2.60% per annum.
• Series 3: 7 years maturity, redeemable in 2033, with an interest rate of 3.00% per annum.
• Series 4: 10 years maturity with early redemption rights, redeemable in 2036, with an interest rate of 3.25% per annum.

Subscription period: 30 April and 5-6 May 2026.

Bond distribution managers: Bangkok Bank, Kasikornbank, CIMB Thai Bank, Siam Commercial Bank, UOB Bank, Kiatnakin Phatra Securities, Asia Plus Securities.

Bondholders' representative: Krungsri Bank.

Credit rating: Issuer A+, bonds A+.

Purpose: To repay debts from bond issuance (roll-over) and other purposes.

MTC issues 5 bond series with interest up to 4.10% per annum, paying quarterly.

Muangthai Capital Public Company Limited (MTC). Expected to issue and offer unsubordinated, unsecured bonds paying interest quarterly, offered to general and institutional investors in five series.

• Series 1: 3 years maturity, redeemable in 2029, with an interest rate of 2.85% per annum.
• Series 2: 3 years 11 months 29 days maturity, redeemable in 2030, with an interest rate of 3.00–3.10% per annum.
• Series 3: 5 years 11 months 26 days maturity, redeemable in 2032, with an interest rate of 3.35–3.45% per annum.
• Series 4: 8 years 1 day maturity, redeemable in 2034, with an interest rate of 3.85–3.95% per annum.
• Series 5: 10 years maturity, redeemable in 2036, with an interest rate of 4.00–4.10% per annum.

Subscription period: 26–28 May 2026.

Bond distribution managers: Bangkok Bank, CIMB Thai Bank, Siam Commercial Bank, Kasikornbank, Kiatnakin Phatra Securities, Krungthai XSpring Securities, Maybank Securities (Thailand), TTB Wealth Securities, Bluebell Securities, Beyond Securities, Asia Plus Securities, Dao (Thailand) Securities, Yuanta Securities (Thailand), CGS International (Thailand) Securities, Globlex Securities, Krungsri Securities, Land and Houses Securities.

Bondholders' representative: Krungsri Bank.

Credit rating: Issuer A-, bonds A-.

Purpose: To repay debts from bond issuance, purchase assets, invest, or cover operational expenses related to current business activities.

TTA issues 3-year bonds with 4.80% interest.

Torecen Thai Agencies Public Company Limited (TTA). Expected to issue and offer unsubordinated, unsecured bonds with a 3-year maturity, bearing interest at 4.80% per annum, paying quarterly interest, offered to general and/or institutional investors.

Subscription period: 30 April and 5-6 May 2026.

Bond distribution managers: Bluebell Securities, Asia Plus Securities, Yuanta Securities (Thailand), CGS International (Thailand) Securities, Krungthai XSpring Securities, Dao (Thailand) Securities.

Bondholders' representative: Asia Plus Securities.

Credit rating: Issuer BBB, bonds BBB.

Purpose: To repay debts from bond issuance.

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