Gulf Development is launching a 4-tranche debenture and digital debenture offering (4–10 year maturity) with an AA- credit rating and Stable outlook, targeting retail investors via 8 major financial institutions and the Pao Tang app. The October 19–21 offering has an attractive entry point (1,000 baht minimum for digital tranche) and aims to fund renewable energy projects (solar, wind) and digital infrastructure (Data Center, Cloud, AI). Gulf reported strong Q2 2026 core profits of 12.3 billion baht (+74% YoY) and revenue of 50.3 billion baht (+24% YoY), driven by energy and natural gas trading growth.