ThaiBev launches US$2b multicurrency debt issuance programme

Net proceeds will be used for general corporate purposes

Thai Beverage Public Company Limited has established a $2.6b (US$2b) multicurrency debt issuance programme.

DBS Bank Ltd. has been appointed as the sole arranger and dealer.

Under the programme, ThaiBev may issue notes and perpetual securities in various currencies, amounts, and tenors, with fixed, floating, hybrid, variable, or no interest.

These securities will be offered in Singapore under exemptions in the Securities and Futures Act 2001.

The notes will be unsecured and unsubordinated, ranking equally with the company’s other unsecured obligations. Perpetual securities may be senior or subordinated, with senior securities ranking equally with other unsecured obligations and subordinated ones ranking equally with other parity obligations.

The net proceeds will be used for general corporate purposes, including working capital, investments, and business expansion.

The Singapore Exchange (SGX-ST) has granted approval in-principle for the programme. ThaiBev will apply for listing and quotation of securities on SGX-ST or other exchanges where applicable. Unlisted tranches may also be issued.

SGX-ST’s approval is not an indication of the merits of the company, its group, or the securities.

Full terms are set out in the Offering Circular dated 4 June 2025.