Ananda Development Public Company Limited is preparing to issue and offer two series of bonds to the general public, with maturities of 1 year 7 months at an interest rate of 4.70% per year and 2 years 7 months at an interest rate of 5.60% per year, with interest payments every 3 months. The subscription period is expected to be from June 10 and June 13-14, 2022. The bonds have been rated BBB- by Tris Rating and 7 financial institutions have been appointed as underwriters. The company is confident of strong investor interest as the COVID-19 situation improves and the overall economy shows signs of gradual recovery, boosting consumer confidence. In the first quarter of 2022, the company reported transfers of 1,412 million baht, with a backlog of over 12,417 million baht, and plans to recognize revenue from 5 new projects valued at over 20,000 million baht this year.

Mr. Chanond Ruangkritya, Chief Executive Officer of Ananda Development Public Company Limited (ANAN), a leader in urban residential development and the condominium market near electric train stations, revealed that the company has submitted information to offer bonds to the general public to the Securities and Exchange Commission (SEC). The bonds are registered, non-subordinated, and unsecured, with two series: one with a maturity of 1 year 7 months at an interest rate of 4.70% per year and another with a maturity of 2 years 7 months at an interest rate of 5.60% per year, with interest payments every 3 months. The bonds received a BBB- credit rating from Tris Rating on April 28, 2022, the same as the corporate credit rating, with a stable outlook.

Additionally, the company has appointed 7 financial institutions as underwriters for the bond issuance, including Krung Thai Bank Public Company Limited, Kasikorn Bank Public Company Limited, CIMB Thai Bank Public Company Limited, Asia Plus Securities Company Limited, Krung Thai Xspring Securities Company Limited, KTBST Securities Public Company Limited, and Yuanta (Thailand) Company Limited. The bonds are expected to be offered from June 10 and June 13-14, 2022.

Ananda Development Public Company Limited is engaged in real estate development, including condominium projects, single-family homes, and townhomes in Bangkok and its vicinity. The condominium projects focus on prime locations near electric train stations to enhance residents' convenience, while the single-family homes and townhomes emphasize unique architectural design concepts that meet the needs of various customer segments. In the first quarter of this year (January-March 2022), the company reported transfers of 1,412 million baht and a backlog of over 12,417 million baht. In 2022, the company plans to launch 7 new projects valued at over 29,000 million baht, following the ANANDA NEW BLUE strategy, seeking new opportunities and innovative housing solutions to meet the evolving needs of urban living post-COVID-19.

“We believe that investors will show interest in our bonds as they have in the past, especially as the COVID-19 situation begins to improve and the country fully reopens to tourists from May 1. This is leading to a gradual economic recovery, and we expect a clear improvement in the second half of this year, which will boost consumer confidence—a crucial factor for the real estate business. We are confident that these factors will enhance our growth opportunities in the future and make our bonds an attractive investment option,” Mr. Chanond stated.

The CEO of Ananda Development also added that this bond issuance is part of a significant growth phase for the company, following a successful capital increase for existing shareholders in 2021, reflecting their confidence in growing alongside the company. This has strengthened the company's financial position and provided a suitable investment structure for business expansion according to its strategic plans, reinforced by the successful offering of 5,000 million baht in bonds earlier this year. The company continues to receive support from leading financial institutions, providing diverse funding options. Additionally, the company’s projects are continuously supported by international partners such as Mitsui Fudosan, BTS Group, President Development, Dusit Thani, Scratch First, and The Ascott, reflecting the confidence of business partners and financial institutions in supporting the company's growth.

Investors interested in more details can inquire with the bond underwriters at the following 7 institutions starting today:

  • Krung Thai Bank Public Company Limited, Tel. 02-111-1111
  • Kasikorn Bank Public Company Limited, Tel. 02-888-8888 ext. 819, individuals can subscribe online at https://www.kasikornbank.com/kmyinvest (except for foreign nationals and legal entities, who can subscribe at 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 Xspring Securities Company Limited, Tel. 02-695-5000
  • KTBST Securities Public Company Limited, Tel. 02-351-1800 press 1
  • Yuanta (Thailand) Company Limited, Tel. 02-009-8351-56