JTS Files Prospectus for Two Tranches of Debentures Offering Attractive Interest Rates of 6.75%-7.25%, Strengthening Growth in Telecommunications and Digital Asset Businesses
Jasmine Technology Solution Public Company Limited (JTS) has filed a prospectus for the issuance of two tranches of long-term debentures (Series 1/2025) with maturities of two and three years, offering quarterly interest payments. The offering is scheduled for February 18-20, 2025, and will be available to institutional and high-net-worth investors. Currently, JTS derives its primary revenue from the telecommunications network services sector, which continues to expand due to increasing domestic and international leased circuit services. Additionally, the Company operates Thailand’s largest Bitcoin mining business.
Mr. Sang Do Lee, Managing Director of JTS, stated, “The Company is preparing to issue two tranches of name-registered, senior secured debentures with a bondholder representative, with the issuer retaining the right for early redemption. The first tranche will have a two-year maturity with a fixed interest rate of 6.75%-6.85%, offering quarterly interest payments and maturing in 2027. The second tranche will have a three-year maturity with a fixed interest rate of 7.15%-7.25%, also providing quarterly interest payments, maturing in 2028. Both tranches are fully guaranteed for principal and interest payments by Jasmine International Public Company Limited (JAS), a financially stable entity with a low debt ratio. As of Q3/2024, JAS reported a debt-to-equity ratio of 0.38x and a liquidity ratio of 2.67x, with total shareholders’ equity amounting to THB 10,550 million. This strong financial position is expected to enhance investor confidence. The subscription period for institutional and high-net-worth investors (II&HNW) is set for February 18-20, 2025. The proceeds from the debenture issuance will be used to repay existing debentures maturing in April 2025.
The Group has demonstrated improved financial performance, with total revenue for the nine-months period of 2024 reaching THB 2,148 million, representing a 23% increase compared to the same period last year. The Group also achieved a net profit of THB 451 million, reflecting a net profit margin of 21%. Additionally, its core telecommunications network services business continues to expand, driven by the growing demand for both domestic and international leased circuit services.
Furthermore, the Group has expanded its network infrastructure and data center operations to enhance its comprehensive service capabilities while preparing to accommodate the anticipated growth of the Generative AI industry. The company remains committed to advancing innovations and technologies within its Generative AI platform to further develop its telecommunications, internet, and cloud computing services. Additionally, the digital asset business continues to show strong growth potential, supported by favorable factors, including potential regulatory easing in the U.S., which could lead to a more flexible regulatory framework for the cryptocurrency market.”
Interested investors can obtain further information and subscribe to the debentures through the lead underwriters, which include Dao Securities (Thailand) Public Company Limited, Bluebell Securities Company Limited, Beyond Securities Public Company Limited, Phillip Securities (Thailand) Public Company Limited, and Siam Wealth Securities Limited.