GULF Announces Interest Rates for New Debentures
Gulf Energy Development has finalized interest rates for its latest debentures and digital bonds, with subscriptions opening October 19, 2026.
Quick facts
- GULF is issuing 6 series of debentures with total value not exceeding 20,000 million baht.
- Interest rates range from 1.83% to 3.00% per annum.
- Subscription period is scheduled from October 19 to 21, 2026.
Why it matters
The issuance of these debentures highlights the ongoing trend of Thai corporations securing capital to fuel digital infrastructure growth, specifically in the data center and AI sectors. By utilizing the Paotang app, GULF is tapping into the retail investor market, which has become a standard approach for large-scale corporate bond offerings in Thailand to ensure broader participation.
Gulf Energy Development Public Company Limited (GULF) has announced the final interest rates for its upcoming offering of debentures and digital bonds. The company plans to issue six series of debentures with a total value not exceeding 20,000 million baht to support business expansion, including data centers and artificial intelligence projects, and to repay existing debts.
What are the interest rates?
The company has confirmed rates for six different series, ranging from 1.83% to 3.00% per annum. The maturity periods for these instruments span from three to ten years.
- 3-year series (Zero Coupon Bond): 1.83% discount rate
- 4-year series: 2.10% fixed interest
- 5-year series: 2.33% fixed interest
- 7-year series (Digital Bond): 2.80% fixed interest
- 7-year series: 2.80% fixed interest
- 10-year series: 3.00% fixed interest
Interest will be paid every six months for all series, excluding the 3-year Zero Coupon Bond. The debentures have received an AA- credit rating with a Stable outlook from TRIS Rating.
How to subscribe
Investors can subscribe to the debentures between October 19 and 21, 2026. The offering is available to institutional investors, large investors, and the general public. Subscriptions can be made through eight leading financial institutions and the Paotang mobile application.
Why this is trending in Thailand
The term is trending as investors monitor large-scale corporate fundraising activities. The announcement coincides with broader discussions about Thailand's role in attracting foreign direct investment for new economy industries, including digital infrastructure, during the lead-up to the IMF-World Bank Group Annual Meetings.
What is confirmed and what is not
It is confirmed that the filing and prospectus for the debentures have come into effect. While the company has outlined its intent to use the proceeds for data center and AI business expansion, specific details regarding individual project allocations were not available at the time of writing.
Frequently asked questions
What is the subscription period for GULF debentures?
The subscription period for the GULF debentures and digital bonds is scheduled for October 19 to 21, 2026. Investors can participate through eight leading financial institutions or via the Paotang digital application.
What is the interest rate for GULF digital bonds?
The 7-year digital bond series offered by GULF carries a fixed interest rate of 2.80% per annum. Interest payments for this series are scheduled to be made every six months.
What is the credit rating of these GULF debentures?
According to the company, the debentures have been assigned a credit rating of AA- with a Stable outlook by TRIS Rating as of August 24, 2026.
Who can invest in these debentures?
The offering is open to institutional investors, large investors, and the general public. Interested parties should consult the official prospectus or their financial institution for specific eligibility requirements.
What is the total value of the debenture issuance?
GULF has announced a total issuance value for the six series of debentures and digital bonds that will not exceed 20,000 million baht.
What will GULF use the funds for?
GULF stated that the proceeds from the debenture issuance will be directed toward expanding its digital business, specifically focusing on data centers and artificial intelligence, as well as for the repayment of existing corporate debts.
In this story
Sources
- thestandard.co: GULF ต่อยอดลุย Data Center-AI ออกหุ้น 6 ชุด เคาะดอกเบี้ย 1.83-3% ลุยธุรกิจขยายดิจิทัลแห่งอนาคต-ชำระหนี้เดิม
- LINE TODAY: WHA ชูไทยดึง FDI รับเวที IMF-World Bank ดันลงทุน New Economy เชื่อมเงินทุนโลกสู่ภาคอุตสาหกรรม | การเงินธนาคาร
- มิติหุ้น: GULF หุ้นกู้ดิจิทัลดอกเบี้ย 2.80% จองผ่านเป๋าตัง 19 ต.ค.นี้ - มิติหุ้น | ชี้ชัดทุกการลงทุน
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- Oct 11, 2026 at 3:00 PM
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