Bangkok: Sena Development Public Company Limited (SENA) has announced its readiness to repay its debentures, having partnered with four banks to secure a 3.2 billion baht financing package. This move underscores SENA's commitment to maintaining a strong financial position and disciplined financial management.
According to Thai News Agency, Ms. Ketsara Thanyalakpak, the Managing Director of SENA, emphasized the company's consistent track record of making timely interest and principal payments on its debentures. This financial strategy is further supported by the willingness of four leading commercial banks-TISCO Bank Public Company Limited, Kiatnakin Phatra Bank Public Company Limited, Kasikornbank Public Company Limited, and Land and Houses Bank Public Company Limited-to provide financial backing. The total of 3,200 million baht will be allocated to repay debentures maturing in late January and early February 2026, demonstrating the banks' confidence in SENA's financial stability.
Ms. Athika Boonrodchu, Assistant Managing Director of the Treasury and Investment Division at SENA, detailed the company's plan to repay bonds maturing in early 2026 before issuing new bonds. The 3,200 million baht credit line from the aforementioned banks will cover bonds totaling 2,895 million baht. This includes the SENA261A bonds worth 895 million baht, maturing on January 31, 2026, with repayment scheduled for February 2, 2026, due to the public holiday. The SENA262A bonds, valued at 2,000 million baht, will mature on February 3, 2026, with repayment on the same day. SENA's history of financial discipline has ensured the company has never defaulted on bond payments.
SENA is also preparing to launch a new series of debentures, Series 1/2026. These long-term debentures will be offered to institutional and high-net-worth individuals in two tranches. The first tranche has a maturity of 1 year and 2 months with an interest rate of 4.90% to 5.15% per annum, while the second tranche matures in 2 years and 6 months with an interest rate of 5.75% to 5.95% per annum. Interest will be paid quarterly, with a subscription period expected from February 3-5, 2026, through 16 leading financial institutions. The issuer's credit rating is "BBB-" with a stable outlook, as rated by TRIS Rating Company Limited. The minimum subscription amount for both institutional and large individual investors is set at 100,000 baht, with increments of 100,000 baht.