LPN Celebrates Successful Sale of 3-Year Bonds Worth 1.5 Billion Baht
LPN Celebrates Successful Sale of 3-Year Bonds Worth 1.5 Billion Baht
LPN is a leading comprehensive real estate development company that prioritizes the quality of life for residents under the concept of "livable communities." The company has announced the successful closure of its 3-year bond sale, amounting to 1.5 billion baht, after receiving full interest from general investors. This reflects investors' confidence in the company's potential, proven through over 30 years in the real estate business, along with satisfaction in the annual return of 3.95%.
Mr. Apichart Kasemkul Siri, Senior Financial Executive of L.P.N. Development Public Company Limited (LPN) revealed that the offering of unsecured, non-subordinated bonds with a representative for bondholders from LPN, held from May 10 to 12, was met with significant interest from investors. As a result, the company decided to issue additional bonds, bringing the total offering to 1.5 billion baht, reinforcing investor confidence in the company's operations and the attractive returns with an acceptable level of risk. This meets the needs of investors seeking consistent returns from a reputable company with over 30 years of proven experience in the real estate sector. Both the company and the bonds have received a credit rating of 'BBB+' with a 'stable' outlook, reflecting LPN's leadership in the real estate business, including a well-recognized brand in the mid to lower-middle housing segment and excellent after-sales service.
“We would like to thank our investors for supporting LPN bonds and express our gratitude to the financial institutions that facilitated the distribution. The funds raised from this bond issuance will be used to purchase land for business expansion and to support future revenue targets and growth, ensuring a stable and sustainable growth foundation,” Mr. Apichart stated.
Over the past 30 years, LPN has proven its strength and commitment to sustainable growth while maintaining competitive capabilities through efficient construction management, disciplined financial policies, and a diverse product offering that meets the changing lifestyles of consumers.
The managers of this bond issuance include Bangkok Bank Public Company Limited, Krung Thai Bank Public Company Limited, Kiatnakin Phatra Securities Public Company Limited, and Krung Thai Securities Co., Ltd.
For more information, please contact: LPN Call Center 02-689-6888 or Facebook: LPN Connect or LINE OA application at @LPNConnect
