Gulf EnergyNews · 2026-03-20 00:00

Gulf Energy Development successfully closed a 35 billion baht debenture deal, oversubscribed by 1.4 times, reflecting investor confidence.

Gulf Energy Development successfully issued 35 billion baht in debentures, attracting strong demand from institutional and high-net-worth investors with an oversubscription rate of 1.4 times.

This successful fundraising, despite global market volatility, demonstrates investor confidence in the company's strength and supports its future expansion into renewable energy, infrastructure, and digital businesses.

Fast Facts

·Issuer: Gulf Energy Development
·Total debenture value: 35,000 million THB
·Total subscription value: 49,507 million THB
·Oversubscription rate: 1.4 times
·Average fixed interest rate: 2.36% per year
·Average maturity: 6.4 years
·Issuance date: March 20, 2026
·Use of funds: Debt repayment, future investment (renewable energy, infrastructure, AI, data centers)
·Joint Lead Arrangers: Bangkok Bank, Krungthai Bank, Kasikornbank, Siam Commercial Bank, Kiatnakin Phatra Securities

ESG & Finance

Power Generation

Digitalization

People Mentioned

Yupapin Wangviwat

Chief Financial Officer at Gulf Energy Development

Source

Gulf Energy Development successfully closed a 35 billion baht debenture deal, oversubscribed by 1.4 times, reflecting investor confidence.