Bangkok: Pruksa Holding Public Company Limited (PSH) is set to introduce a new series of long-term debentures to the public, as the company aims to refinance its existing debt and bolster financial flexibility.
According to Thai News Agency, the debenture issuance will consist of two tranches. The first is a 2-year bond with an anticipated fixed interest rate between 3.40% and 3.60% per annum, while the second is a 3-year bond with an expected fixed interest rate ranging from 3.75% to 4.00% per annum. The exact interest rates will be finalized and announced prior to the offering dates, which are scheduled between May 8 and 11-12, 2026. These debentures are designed to provide medium-term, consistent returns amidst the current volatile market environment.
The debentures, backed by Pruksa Real Estate Company Limited and featuring a debenture holder representative, have received a 'BBB+' rating with a 'negative' outlook from TRIS Rating Company Limited as of March 6, 2026. This investment-grade rating highlights the company's financial stability and offers an attractive investment opportunity for those seeking reliable returns.
Ms. Jintana Intree, Senior Vice President of Finance at PSH, emphasized the company's strong financial position, noting a low debt level and sufficient liquidity despite economic challenges and a slowdown in the Thai real estate sector. As of December 31, 2025, PSH's interest-bearing debt-to-equity ratio stands at 0.33 times, underscoring prudent capital management practices that ensure business resilience and adaptability.
In 2026, PSH projects a total revenue of 18.8 billion baht, with 15 billion baht anticipated from the real estate sector and 2.6 billion baht from the healthcare segment. The company holds a backlog valued at 3 billion baht, with approximately 2 billion baht expected to be recognized as revenue by the end of 2026, and the remaining balance by 2027. Additionally, PSH maintains a substantial inventory valued at 66.4 billion baht, supporting ongoing sales and property transfers.
The bond issuance will be managed by five leading underwriters: Kasikornbank Public Company Limited, Kiatnakin Phatra Public Company Limited, TMB Thanachart Bank Public Company Limited, Asia Plus Securities Company Limited, and Krung Thai Xspring Securities Company Limited.