TRUE GROUP TO ISSUE TUC DEBENTURES NO.4/2019 WITH FIXED COUPON RATES FROM 3.50% UP TO 4.70% PER ANNUM WITH EXPECTED SUBSCRIPTION PERIOD FROM 16-18 DECEMBER 2019

Stocks and Financial Services Press Releases Thursday November 28, 2019 13:31
Bangkok--28 Nov--CIMB Group

True Move H Universal Communication Company Limited or TUC, True Group's subsidiary, is preparing to issue unsubordinated and unsecured debentures with debenture holders' representative no. 4/2019 for public offering, and the subscription period is expected to be from 16-18 December 2019. The Company also announced three series of TUC's debentures with fixed coupon rate from 3.50% up to 4.70% per annum. TUC and its debentures have been assigned "BBB+" rating with a "Stable" outlook by TRIS Rating on November 5, 2019. Bangkok Bank, KASIKORNBANK, Siam Commercial Bank, CIMB THAI Bank and Thanachart Bank are the joint lead arrangers for the debenture issuance.

Ms. Yupa Leewongcharoen, Group Chief Financial Officer, True Corporation Plc, said True Move H Universal Communication Company Limited or TUC, True Group's subsidiary, has announced a fixed coupon rate for the three series of TUC's debentures No.4/2019 and expects the subscription period to be from 16-18 December 2019. The debentures of TUC are unsubordinated and unsecured debentures with debenture holders' representative, and offer quarterly coupon payments with a minimum subscription amount of THB 100,000 and multiples of THB100,000 for additional subscriptions. The Company and its debentures have been assigned "BBB+" rating with a "stable" outlook by TRIS Rating Company Limited on November 5, 2019. Proceeds from this debenture issuance will be used to pay telecommunication frequency license fees and to fund working capital requirements.

Three series of TUC's debentures which will be offered to general investors are;
1. TUC's debenture Series 1: tenor 3 years, fixed coupon rate of 3.50% per annum
2. TUC's debenture Series 2: tenor 4 years 3 months, fixed coupon rate of 4.10% per annum
3. TUC's debenture Series 3: tenor 5 years 6 months, fixed coupon rate of 4.70% per annum
The Company is in the filing process with the SEC and expects the SEC to announce the filing effective date by mid-December 2019.
The registration statement and prospectus may be downloaded at the website of the SEC at www.sec.or.th or obtained from any of the five arrangers: