Britania is launching a new bond series consisting of 2 sets with maturities of 2 and 3 years, offering interest rates of 4.00-4.70% per annum, with interest payments every 3 months. The sale is expected to take place on May 18-19 and 22, through 4 financial institutions. The bonds and the company have been rated “BBB/Stable” by Tris Rating, continuing the “B To The Top” strategy, aiming to be a leader in the top-tier housing development business, with a target of launching a record 20 new projects valued at 22.5 billion, covering all segments nationwide, and a sales target of 13 billion to achieve significant growth.

Mr. Surin Sahachato Phokanant, CEO of Britania Public Company Limited (BRI), a leader in real estate development committed to sustainable housing for a better society, revealed that Britania is preparingto offer registered bonds that are non-subordinated, unsecured, and have a bondholder representative, available for institutional and public investors. The bonds will be divided into 2 sets: the first set with a 2-year maturity due in 2025, offering a fixed interest rate of 4.00% per annum, and the second set with a 3-year maturity due in 2026, offering a fixed interest rate of 4.70% per annum. Interest will be paid at a fixed rate every 3 months throughout the bond's term, with a selling price of 1,000 baht per unit, a minimum purchase of 100,000 baht, and increments of 100,000 baht.

It is expected that the company's bonds will be offered between May 18-19 and May 22, 2023. The proceeds from this bond sale will be used for working capital in business operations, purchasing land for new project development to strengthen the company, and repaying loans to the parent company.

Additionally, Britania and the bonds have been rated by Tris Rating on September 16, 2022, at the level of “BBB” with a “Stable” outlook, reflecting the reliability and strength of Britania's business operations as a leader in the real estate development sector with continuous growth potential.

Mr. Surin further stated that in 2023, the company operates under the strategy “B To The Top”, aiming to be a leader in the top-tier housing development business in 3 dimensions:

1. B The Growth - reaching the top of the real estate market by launching the highest number of new projects since the company's inception (All Time High) with 20 projects valued at 22.5 billion baht.

2. B The Craft - striving to be the top-of-mind brand in the housing development sector with a Craft Mindset corporate culture, continuously delivering customer value through innovative living solutions.

3. B The Goodness - aiming to be a socially responsible organization in projects and surrounding communities, moving towards the goal of Net Zero by 2050.

“We believe that the bond offerings from BRI will receive a positive response from investors, as they meet the needs of those looking for investment opportunities in debt securities issued by a stable issuer with an Investment Grade rating, along with a plan for All Time High growth, a sales target of 13 billion baht, and a total revenue target of 9 billion baht, which will provide satisfactory returns throughout the holding period,” Mr. Surin stated.

Currently, the company is in the process of filing a registration statement and draft prospectus, which are not yet effective as they are under consideration by the SEC. Investors can find more details at www.sec.or.th or contact the bond distribution managers as follows:

  • Kasikorn Bank Public Company Limited (individuals can subscribe online at www.kasikornbank.com/kmyinvest, except for foreign nationals and legal entities who can subscribe through the head office and branches) Tel. 02-888-8888, press 819
  • Krung Thai Bank Public Company Limited Tel. 02-111-1111 or subscribe online via the Krungthai Next application or through Money Connect by Krungthai (https://moneyconnect.krungthai.com/)
  • CIMB Thai Bank Public Company Limited (individuals can also subscribe online via the Mobile Application - CIMB Thai Digital Banking) Tel. 02-626-7777
  • Yuanta Securities (Thailand) Company Limited Tel. 02-009-8351-56