“Britania” launches 2 new bonds, 2-year and 3-year maturities, interest rates of 4.00-4.70% per year, interest payment every 3 months, expected to be offered on May 18-19 and 22 through 4 institutions. finance Credit rating of debentures and companies “BBB/Stable” from TRIS Rating Moving forward with strategy “B To The Top”, flagging as a leader in the top housing development business, targeting All Time High, launching up to 20 new projects worth 22.5 billion baht, covering all segments of the country. with the highest sales target of 13,000 million, creating a leap of growth
Mr. Surin Sahachart Pokanan Chief Executive Officer, Britannia Public Company Limited or BRI, a leader in real estate development. which is committed to sustainable development of housing for a good society, reveals that Britannia is preparing to offer named debentures Unsubordinated, unsecured, and with debenture holders’ representative Offering to institutional investors and general investors (Public Offering). The debentures issued this time are divided into 2 tranches, consisting of the 1st tranche of 2-year debentures maturing in 2025 with a fixed interest rate of 4.00% per annum and the 2nd tranche of 3-year debentures maturing. Redemption in 2026 with a fixed interest rate of 4.70% per annum, payable at a fixed rate every 3 months throughout the debenture life. The offering price is 1,000 baht per unit, with a minimum subscription of 100,000 baht and multiples of 100,000 baht per time.
The company’s debentures are expected to be offered between 18-19 and May 22, 2023. The company will use the proceeds from this bond offering to be used as working capital for business operations. Purchasing land to support the development of new projects to strengthen the company and repay the loan to the parent company
Britannia and its debentures were rated “BBB” by TRIS Rating on September 16, 2022 with a “stable” outlook. ”, which is investment grade or Investment Grade, reflects the credibility and strength of Britannia’s business operations as a leader in real estate development with continuous growth potential.
Mr. Surin said that in 2023, the company operates under the strategy “B To The Top”, aiming to become a leader in the development business. Top-rated housing estates in 3 dimensions: 1.B The Growth Reaching the top of the real estate market with the highest launch of 20 new projects since the establishment of the company (All Time High), total project value of 22,500 million baht. 2.B The Craft strives to become the top housing brand in the minds of consumers (Top of Mind Brand) with the Craft Mindset organizational culture continuously. Ready to deliver an experience that customers value (Customer Value) in creating, caring, and providing enhanced services to consumers. Through innovative living and 3.B The Goodness, aiming to be a socially responsible organization. both in the project and surrounding communities as well as moving towards the goal of Net Zero in 2050.
“We are confident that the offering of both BRI debentures will be well received by investors. Because it can meet the needs of those looking for investment opportunities in debt instruments issued by stable bond issuers. Received an investment-grade credit rating along with an all-time high growth plan with a sales target of 13 billion baht and a total revenue target of 9 billion baht, which will be able to generate satisfactory returns throughout the holding period.” Mr. Surin said
Currently, the Company is in the process of filing a registration statement and draft prospectus which are not yet effective. As it is under consideration by the SEC Office, investors can learn more details at www.sec.or.th or contact through the manager Issuance of debentures as follows:
· Kasikorn Bank Public Company Limited (Individuals reserve online through www.kasikornbank.com/kmyinvest Except foreign nationals and juristic persons can subscribe through the head office and branches) Tel. 02-888-8888 press 819.
Krung Thai Bank Public Company Limited Tel. 02-111-1111 or reserve online. Via the Krungthai Next application or via Money Connect by Krungthai (https://moneyconnect.krungthai.com/)
· CIMB Thai Bank Public Company Limited (Individuals can subscribe online via Mobile Application – CIMB Thai Digital Banking, another channel) Tel. 02-626-7777
· Yuanta Securities (Thailand) Co., Ltd. Tel. 02-009-8351-56
For Britannia Public Company Limited or BRI, it is a housing developer under the concept CRAFT a life you love. Developing a single detached house New series of homes, townhomes, covering all segments of consumers under 4 main brands: 1. Belgravia, luxury detached homes, priced between 20-50 million baht; 2. Grand Bri Grand Britania, high-end single houses and twin houses, priced at 8-20 million baht, 3. Britania, mid-end single houses, semi-detached houses and townhomes, priced at 4-8 million baht, and 4. Brighton Twin houses and townhomes, entry level, priced at 2.5-4 million baht. By the end of 2022, there were 30 projects developed, with an accumulated project value of 36,449 million baht.
