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[SITUATION] · [ACTIVE] · [BUSINESS]

2 clusters · 3 sources · 29 days · First seen · Last updated

Gulf Energy Development financial performance and bond plans

Overview

Gulf Energy Development has announced plans for a 20 billion baht bond issuance, featuring six series of corporate and digital bonds with maturities between 3 and 10 years. The interest rates for these non-subordinated, unsecured bonds range from 1.83% to 3.00% per annum. The company holds a ‘AA-’ credit rating with a ‘Stable’ outlook from TRIS Rating.

Following a strong second quarter in 2026, the company reported a 28% year-on-year increase in net profit for the third quarter, totaling 9,289 million baht. This growth was supported by the energy sector, specifically natural gas and renewable energy. Key drivers included the Gulf Pluak Daeng power plant and the Hin Kong project. Additionally, the Jackson Generation natural gas project in the United States saw a 67% increase in core profit, attributed to rising electricity demand from data center businesses.

Entities

Gulf Energy Development Public Company Limited · TRIS Rating · Thailand · Electricity Generating Authority of Thailand · AIS

Timeline

  1. [BUSINESS] 3 sources
    Gulf Energy Development reports 28% increase in Q3 net profit

    Gulf Energy Development reported a 28% rise in Q3 2026 net profit to 9,289 million baht, driven by energy business growth and increased capacity payments from US data center demand.

  2. [BUSINESS] 2 sources
    Gulf Energy Development announces interest rates for 20 billion baht bond issuance

    Gulf Energy Development is issuing up to 20,000 million baht in corporate and digital bonds with rates between 1.83% and 3.00%, available for subscription from October 19–21, 2026.

Sources

infoquest.co.th · naewna.com · thaipr.net