For the first time in the Thai real estate sector and the first in Asia, ‘Sansiri collaborates with Krung Thai Bank’ to launch ‘Sansiri Digital Bonds’ available for purchase and trading through the 'Pao Tang' app, starting from just 1,000 Baht. The bonds offer a return of 3.10% per annum, with interest paid every three months throughout the bond's duration, and a short investment period of only 2 years and 6 months. The bonds have a credit rating of BBB+ from Tris Rating and will be available for subscription starting January 18 at 8:30 AM.

 

        Mr. Srettha Thavisin, President and CEO of Sansiri Public Company Limited stated that Sansiri has partnered with Krung Thai Bank to issue ‘Sansiri Digital Bonds’ with a total offering value of 1 billion Baht making it the first in the real estate sector in Asia. This initiative aims to create a vision of “bonds accessible to all Thai people,” providing an investment option that generates consistent returns, with a minimum investment starting at just 1,000 Baht, increasing in increments of 1,000 Baht, up to a maximum of 50 million Baht per individual.

            The bonds can be traded in real-time 24 hours a day through the bond trading wallet on the Pao Tang app. They are registered bonds, non-subordinated, unsecured, and have a bondholder representative. The fixed interest rate is 3.10% per annum, with an investment duration of 2 years and 6 months, and interest is paid every three months throughout the bond's life.

           Additionally, the Sansiri Digital Bonds offer liquidity, allowing for immediate buying and selling in the secondary market once the bonds are in the wallet on the Pao Tang app. Subscriptions will open at 8:30 AM on January 18, 2022, exclusively through the bond trading wallet on the “Pao Tang” application, ensuring equal access for retail investors. The Sansiri Digital Bonds on the Pao Tang app build on the success of a new bond investment format, making it easier for all groups to access investments with the lowest starting amount ever in the real estate sector.

            Regarding the overall real estate business outlook for 2022, it is anticipated that the real estate sector will follow the GDP trend, which is expected to grow by 3% this year, while the real estate sector is projected to grow by about 4.5 - 5%. Household debt remains a significant factor pressuring consumer purchasing power, along with global economic issues and the impact of the COVID-19 pandemic on purchasing power. However, it is believed that the government will introduce measures to stimulate purchasing power again this year, which will benefit the business sector, and Sansiri is ready to continue investing.

           Mr. Payong Srivanit, CEO of Krung Thai Bank stated that “the Sansiri Digital Bonds” represent a significant step in revolutionizing private bond investment in the real estate sector and expanding the capabilities of the Pao Tang app to meet savings and investment needs, which is a crucial foundation for creating sustainable financial security for customers and the public in the future, aligning with several Sustainable Development Goals (SDGs). He is confident that on January 18, 2022, when the bonds are first available for trading, the Pao Tang app will be fully prepared to support bond sales with a convenient system.

 

Interested parties can study the registration process for purchasing bonds by filling out personal information and completing a Suitability Test in the Pao Tang app and the bond trading wallet in advance of the actual purchase date, through www.krungthai.com/th/krungthai-update/promotion-detail/916

or find more details about the bonds from the draft prospectus for the bond offering https://market.sec.or.th/public/ipos/IPOSDE01.aspx?TransID=377535

For more information, call Sansiri at 1685

or contact the Krung Thai Contact Center at call 02-111-1111 or visit any Krung Thai Bank branch.