Gulf EnergyRegulatory · 2026-03-20 00:00

Gulf Energy Development issued 35 billion baht in debentures to fund business expansion, including renewable energy and data centers.

Gulf Energy Development successfully issued 35 billion baht in unsubordinated and unsecured debentures across four tranches to institutional and high-net-worth investors. The offering was oversubscribed by 1.4 times, reflecting strong investor confidence.

The capital raised will be used to refinance existing loans and maturing debentures, as well as to support the company's continuous expansion into renewable energy, infrastructure, and digital businesses like data centers and AI solutions.

Fast Facts

·Issuer: Gulf Energy Development Public Company Limited
·Total value: 35,000 million THB
·Debenture type: Unsubordinated, unsecured, with debenture holders' representative
·Number of tranches: 4
·Maturities: 3, 5, 7, 10 years
·Average interest rate: 2.36%
·Average maturity: 6.4 years
·Oversubscription rate: 1.4 times
·Credit rating: AA- by TRIS Rating Co., Ltd.
·Joint Lead Managers: Bangkok Bank, Krungthai Bank, Kasikornbank, Siam Commercial Bank, Kiatnakin Phatra Securities
·Issuance date: March 20, 2026
·Use of proceeds: Refinancing, expansion into renewable energy, infrastructure, and digital businesses (data centers, AI)

ESG & Finance

Power Generation

Data Centers

Source

Gulf Energy Development issued 35 billion baht in debentures to fund business expansion, including renewable energy and data centers.