"Risland (Thailand)" is preparing to issue secured bonds not exceeding 2 billion baht with a 2-year maturity and a fixed interest rate of 6.50% per annum, paying interest every 3 months throughout the bond's term. The offering price is set at 1,000 baht per unit, through three leading securities firms. Subscriptions are expected to open from November 14-16, aiming to strengthen the business for future growth.

Mr. Hong Yi Teng, Chief Financial Officer of Risland (Thailand) Co., Ltd. (the "Company" or "RLTH"), revealed that the company has submitted a filing for the bond issuance and a draft prospectus to the Securities and Exchange Commission (SEC) to issue and offer long-term bonds, registered in the name of the bondholders, non-subordinated, secured, with a bondholder representative, and the issuer having the right to redeem the bonds before maturity. The offering is targeted at institutional investors and high-net-worth individuals (PP-II&HNW) with a limit of 2 billion baht, currently under review by the SEC.

The bonds expected to be offered will have a 2-year maturity, maturing in 2024, with a fixed interest rate of 6.50% per annum, paying interest every 3 months throughout the bond's term. The offering price is set at 1,000 baht per unit, with a minimum subscription of 100,000 baht, increasing in increments of 100,000 baht. The collateral for the bonds includes the "The Livin Petchkasem" project (currently under construction) with an estimated value of 3.155 billion baht. The company has appointed Dao Securities (Thailand) Public Company Limited, UOB Kay Hian Securities (Thailand) Public Company Limited, and Globlex Securities Co., Ltd. as the bond distribution managers, with subscriptions expected to open simultaneously on November 14-16, 2022. The proceeds from this bond issuance will be used to repay loans from financial institutions, invest in real estate development projects, and serve as working capital for the company's and/or group companies' operations.

 

"We are confident that our secured bond offering will receive a positive response from investors, as it has in the past. The RLTH bonds represent an attractive investment opportunity in debt securities issued by a credible issuer with large-scale real estate projects under development and management, capable of generating satisfactory returns throughout the holding period," Mr. Hong Yi Teng stated.

Despite the COVID-19 pandemic, the company has continued to grow, reporting total revenue of 654.73 million baht and a net profit of 218.30 million baht in 2021, demonstrating its ability to maintain revenue and profits. Additionally, the company has fully repaid the principal of long-term loans from financial institutions amounting to 1.2 billion baht and redeemed bonds from the first series of 2019 and the first series of 2021, totaling 1.5 billion baht and 575 million baht, respectively, which matured on July 24, 2022, and October 1, 2022, allowing the company to continue expanding its business.

As for Risland (Thailand) Co., Ltd. or RLTH, it is a large international real estate development company headquartered in Hong Kong, engaged in various business types, including residential project development, commercial projects, property management, and infrastructure development and management. Risland is committed to developing housing and environments under the concept of sustainable development to enhance living standards and quality of life for Thai society. Currently, there are 7 real estate projects under development, with a total value of 40 billion baht, including one single-family home project, Lake Serene Rama 2, and six condominium projects: Artisan Ratchada, Cloud Thonglor-Phetchaburi, Cloud Sukhumvit 23, Skyrise Avenue Sukhumvit 64, The Livin Petchkasem, and The Livin Ramkhamhaeng.