Noble Development Public Company Limited or NOBLE is set to offer non-subordinated, unsecured bonds with a representative for bondholders to general and institutional investors. The bonds have a maturity of 3 years and an interest rate of 4.60% per annum, available for subscription from January 25-27. The company received a credit rating from Tris Rating on January 7, 2022, at the level of "BBB" with a "Stable" outlook. Additionally, Tris Rating has upgraded the bond rating from "BBB-" to "BBB". The bond issuance will be managed by Krung Thai Bank, Kasikorn Bank, CIMB Thai Bank, Asia Plus Securities, and Krung Thai CIMB Securities. The funds raised will be used to expand investments and develop new projects, with an increased focus on horizontal investments.

Mr. Atthawit Chalermphakdee, Director and Chief Financial Officer of Noble Development Public Company Limited or NOBLE, revealed that after NOBLE submitted a registration statement to the SEC for the new bond offering in December, the company has now received approval to offer the bonds. The bonds will be available for general and institutional investors with a 3-year maturity and an interest rate of 4.60% per annum, with interest paid every 3 months. The minimum subscription is 100,000 THB, and increments of 100,000 THB thereafter, available from January 25-27, 2022. The purpose of this bond issuance is to expand investments and develop new projects, particularly increasing the proportion of horizontal investments and joint ventures. The company and the bonds issued have been rated by Tris Rating at "BBB" with a "Stable" outlook, reflecting an upgrade from "BBB-" to "BBB".

In 2022, NOBLE is preparing to capitalize on the market recovery by launching a total of 18 new projects valued at approximately 47.4 billion THB. The company aims to increase the proportion of horizontal project developments and expand its portfolio of low-rise condominiums to cater to a diverse customer base across various locations.

Financial institutions managing the bond issuance have expressed confidence that NOBLE's bonds will be well-received by general investors. Following the submission of the registration statement to the SEC, there has been significant interest from investors. The positive response is attributed to the company's strong reputation, having never defaulted on debt, and its well-recognized residential projects that have gained acceptance from both local and international residents, showcasing its leadership in Thailand's real estate development sector. Furthermore, the company and its bonds have received a credit rating of BBB with a Stable outlook, which are key factors supporting investor confidence in the bonds.

For investors seeking more information about the bond offering from NOBLE, details can be found at www.sec.or.th or https://investor.noblehome.com. Investors can also contact the following financial institutions:
Krung Thai Bank Public Company Limited, Tel. 02-111-1111
Kasikorn Bank Public Company Limited, Tel. 02-888-8888, press 819 for online subscriptions (except for foreign individuals and legal entities, who can subscribe through the head office and branches)
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
Noble Development Public Company Limited, Tel. 02-251-9955 ext. 1415