'Ananda' has set the interest rates for 1.5-year and 2.5-year bonds at 4.50 – 5.40% per annum, offering them to general and institutional investors from January 11 - 13, 2022.

Ananda Development Public Company Limited or ANAN, a leader in urban residential development and the top player in the condominium market near electric train stations, has announced the interest rate for its 1.5-year bonds at 4.50% per annum and for its 2.5-year bonds at 5.40% per annum. These bonds will be offered to both general and institutional investors from January 11-13, 2022, through seven appointed financial institutions, including Krung Thai Bank, Kasikorn Bank, CIMB Thai Bank, Asia Plus Securities, Krung Thai CIMB Securities, KTBST Securities, and Yuanta (Thailand) Securities. The company is confident of a positive response as it meets the needs of investors looking for satisfactory returns with acceptable risks. The bonds have been rated BBB- by Tris Rating, indicating an investment-grade status, with a 'stable' outlook, alongside the corporate credit rating. The company's strong financial position is reflected in the overwhelming demand from shareholders for the capital increase, showcasing investor confidence.

Mr. Sermsak Kwanpao, Chief Financial Officer of Ananda Development Public Company Limited or ANAN, stated that the company has set the bond yield for the 1.5-year bonds at 4.50% per annum and for the 2.5-year bonds at 5.40% per annum, which will be offered to general and institutional investors from January 11-13, 2022, through seven appointed financial institutions: Krung Thai Bank Public Company Limited, Kasikorn Bank Public Company Limited, CIMB Thai Bank Public Company Limited, Asia Plus Securities Company Limited, Krung Thai CIMB Securities Company Limited, KTBST Securities Public Company Limited, and Yuanta (Thailand) Securities Company Limited. The bonds have been rated 'BBB-' by Tris Rating as of June 10, 2021, with a 'stable' outlook.

“We are confident that Ananda bonds will receive a good response from investors as before, as they not only meet the needs of investors seeking satisfactory returns with acceptable risks but also represent securities issued by a company in a potential and growth-oriented industry. The real estate business is expected to recover and grow strongly in the future. Ananda is among the leading operators capable of achieving growth in both sales and transfers, which are showing clear positive signals. In the last quarter of this year, we expect sales of approximately 4,104 million baht and transfers of over 2,557 million baht, driven by condominium and horizontal projects. Additionally, the company has a backlog of over 12,821 million baht to support transfers in the next two years,” said the Chief Financial Officer of Ananda Development Public Company Limited.

Mr. Chanont Ruangkritya, Chief Executive Officer of Ananda Development Public Company Limited, added that after the company successfully sold additional shares to existing shareholders, who subscribed for more shares than allocated, with total subscriptions reaching 1,716 million baht, the company raised approximately 1,292 million baht as planned, reflecting shareholders' confidence in growing alongside the company. The funds raised will strengthen the company's financial position and improve its capital structure for business expansion according to its strategy. In 2022, the company plans to launch seven new projects worth over 28,000 million baht, including five condominium projects and two horizontal projects, under the ANANDA NEW BLUE strategy, seeking new opportunities and innovative housing and service development concepts to meet the changing needs of urban living post-COVID, as well as collaborating with leading international partners such as Mitsui Fudosan, BTS Group, President Development, Dusit Thani, Scratch First, and The Ascott.

Regarding the legal issue concerning the revocation of the construction permit for the Ashton Asoke project, in which the company holds a 51% stake as a joint venture, this project has no outstanding debts, and the company is not directly being sued. Therefore, the maximum financial impact on the company's financial position is limited to the value of the units that have not yet been transferred according to the company's shareholding proportion. As of the financial statements dated September 30, 2021, there were 117 units with an accounting cost of 655.1 million baht, which, based on Ananda's 51% stake, amounts to approximately 334.1 million baht. Currently, the case is under investigation by the Supreme Administrative Court. The company and its joint venture partners believe that the construction of the project has complied with all legal requirements and has been approved by government agencies, receiving all necessary permits.

“After successfully offering additional shares to existing shareholders, receiving a response beyond expectations, we are even more confident that the fundraising through bond issuance with yields of 4.50% per annum for the 1.5-year bonds and 5.40% per annum for the 2.5-year bonds will also receive a good response from investors, both in terms of satisfactory returns and the stability, strength, and growth opportunities of the company. As of the end of the third quarter of 2021, we had over 5,900 million baht in cash, making us confident that Ananda bonds will be another investment opportunity for investors,” Mr. Chanont stated.

Investors interested in more details can inquire with the bond distribution managers at the seven institutions starting today:
Krung Thai Bank Public Company Limited, Tel. 02-111-1111
Kasikorn Bank Public Company Limited, Tel. 02-888-8888 ext. 819
CIMB Thai Bank Public Company Limited, Tel. 02-626-7777
Asia Plus Securities Company Limited, Tel. 02-680-4004
Krung Thai CIMB Securities Company Limited, Tel. 02-695-5000
KTBST Securities Public Company Limited, Tel. 02-351-1801 press 1
Yuanta (Thailand) Securities Company Limited, Tel. 02-009-8351-56