Siamese Asset Public Co., Ltd. or SA offers 3 new debentures with an average maturity of 1 year 8 months – 2 years 6 months with a yield of 6.80 – 7.25% per annum payable every 3 months. Expected to open for subscription between 25 , 28-29 Aug. 23 Raising funds to support the development of real estate projects and as working capital on the side of Big Boss “Kajonsit Thing Sansern” specifying all debentures of the company Able to pay interest on time and use the money according to the purpose every time Ready to be confident that the business outlook in the second half of the year will grow strong.
Mr. Kajornsit Singsansern, Chief Executive Officer of Siamese Asset Public Company Limited (SA), a fully integrated real estate developer under the concept of “Asset of Life, creating profit for every lifestyle” revealed that the company prepared offer for sale The company’s debentures No. 3/2023, name-registered type unsubordinated and has a debenture holder representative Both secured and unsecured, in the amount of 3 sets, paying interest every 3 months, offered to institutional investors and high net worth investors, at a minimum of 100,000 baht and multiples of 100,000 baht, expected to open for reservation between 25, 28-29. August 2023 consists of
Series 1 debentures “Secured debentures of Siamese Asset Public Company Limited No. 3/2023 Series 1 Due 2025, in which the debenture issuer has the right to redeem the debentures before the redemption date” 2 years, rate of return 6.80% per year
Debentures Series 2 : “Unsecured Debentures of Siamese Asset Public Company Limited No. 3/2023 Series 2 Due 2025, in which the debenture issuer has the right to redeem the debentures before the redemption date” Term 1 year 8 months Yield 7.00% per year
Debentures Series 3 : “Unsecured Debentures of Siamese Asset Public Company Limited No. 3/2023 Series 3 Due 2026, in which the debenture issuer has the right to redeem the debentures before the redemption date.” Term 2 years 5 months 28 days Yield 7.25% per year
“The purpose of this debenture issuance is to use the proceeds for developing real estate projects, which is the company’s main income. And to be used as working capital and reserve funds for business operations. All SA debentures in the past, the company can pay interest in full. and meets all specifications At the same time, the money received from every fundraising has been used for the specified objectives and the company is confident that it will be accepted by investors looking for investment opportunities that yield higher returns than interest rates. deposit And pay interest every 3 months and be confident that you will be able to pay interest on time.
As for the operating results in the second half of 2023, strong growth is expected. because the company The Landmark @ MRTA Station project is planned to be gradually transferred by the end of this year, along with three other low-rise real estate projects that are being gradually transferred. come with more
At the same time, the company has set a business goal in the next 3 years (2023-2025) to earn revenue from sales of real estate projects of at least 10,000 million baht, from low-rise projects. and high-rise projects in equal proportions (50:50) and income from other businesses It is estimated that within 3 years from now, recurring income will be approximately 10-15% of total income.
General investors who are interested in subscribing to SA debentures can contact 8 underwriters, consisting of Dao Securities (Thailand) Public Company Limited, Globlex Securities Company Limited, ASL Securities Company Limited, Merchant Partners Securities Public Company Limited , Beyond Securities Public Company Limited , Securities Company CGS-CIMB (Thailand) Co., Ltd., Siam Wealth Securities Co., Ltd. and Pi Securities Public Company Limited.
In addition, the company currently There are real estate projects for sale in the form of low-rise projects and high-rise projects, totaling 30 projects with a total project value of 76 billion baht, such as Siamese Kin Ramintra, Monsane Exclusive Villa Ratchapruek-Pinklao, Blossom Condo at Sathorn-Charoenrat, Landmark @ Kaset TSH Station. , Ramada Sukhumvit 87, Ramada Plaza Sukhumvit 48 and Siamese Exclusive Queens etc.
2023-08-24 08:41:58
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