Property Perfect is offering 4-year bonds with an interest rate of 6.25% for the first two years and 7% for the last two years, with interest paid every three months. The offering will be available from May 7-9, and the bonds feature a high interest rate in the later years to ensure bondholders do not lose out if interest rates rise. The company is also expected to continue its business expansion.

Ms. Sirirat Wongwattana, Chief Financial Officer of Property Perfect Public Company Limited (PF), announced that Property Perfect is offering its second bond issuance of 2019, with a duration of 4 years, an interest rate of 6.25% for the first two years, and 7.0% for the last two years, with interest payments every three months. The total offering amount will not exceed 2.5 billion baht, divided into 2 billion baht for the primary offering and an additional 500 million baht as a reserve bond offering. The purpose of this bond issuance is to support the company's business expansion, provide working capital for operations, and repay debts.

“The interest rate for this bond series offers high returns due to its 4-year duration, which is relatively short compared to the real estate business cycle. Additionally, real estate is a crucial industry as it is one of the four basic necessities, thus it remains a growing sector. It is anticipated that in the next 3-4 years, when these bonds mature, the company will continue to expand, especially with projects under joint ventures with foreign partners, including HongKong Land and Sumitomo Forestry. A joint venture was established late last year, with projects including single-family homes in prime locations on both the western and eastern sides of Bangkok, luxury condominiums in Thonglor, and riverside condominiums along the Chao Phraya River, with a combined sales value expected to exceed 40 billion baht, providing substantial returns for the company. We would like to thank all bondholders for their support and trust in the company over the past 10 years since we began issuing bonds, and we expect a positive response this time as well,” she stated.

The bonds will be offered to institutional investors and large investors from May 7-9, 2019, with brokers including Globlex Securities, KT Zmico Securities, Nomura Pattanasin Securities, KGI Securities (Thailand), and Yuanta Securities (Thailand) managing the bond distribution. The minimum subscription is 100,000 baht and in multiples of 100,000 baht. Investors can find more details at www.pf.co.th/bond.

 

 

Thank you for the information from www.pf.co.th/bond