Thai AirAsia Plans Two High-Yield Bond Issues at 6.15%
Thai AirAsia is preparing to issue two series of high‑yield bonds, offering interest rates up to 6.15% and maturities between 2.5 and 3.5 years. The bonds, guaranteed by parent Asia Aviation, are aimed at institutional investors and will be sold from late October to early November 2026. Proceeds will be used to refinance existing debt due in November 2026 and to fund ongoing airline operations.
Thai AirAsia plans to use the proceeds to repay the outstanding TAA26NA bonds maturing on 10 November 2026 and to cover operating expenses for its airline business. The bond issuance will be open for subscription from 30 October 2026 to 2‑3 November 2026, managed by a group of securities firms including Bluebell, Asia Plus, Krungthai Xspring, Dao (Thailand), Maybank (Thailand), BYDHA, Phi, CGS International (Thailand), UOB Kay Hian (Thailand), Finansia Syrus, Apollo Wealth, and a second Bluebell unit acting as bondholder representative. The company’s credit rating stands at BBB‑ as assessed by TRIS Rating Ltd on 30 March 2026.