บทวิเคราะห์ (Research)

TRIS Rating assigns a rating of “BBB-” to Sansiri PLC (SIRI)’s proposed issue of up to THB5 billion subordinated capital debentures (hybrid debentures). The proceeds from the new hybrid issuance are intended to be used to replace SIRI’s two existing tranches of hybrid debentures, totaling THB5.05 billion. These include THB3 billion (SIRI20PA) and THB2.05 billion hybrid debentures, for which the company plans to exercise a call option at the end of the fifth year. At the same time, we affirm the company rating on SIRI and the ratings on its existing senior unsecured debentures at “BBB+”. We also affirm the ratings on its existing hybrid debentures at “BBB-”. The rating outlook is “stable”.