Asset Wise Public Company Limited (ASW) is set to offer two sets of bonds with a duration of 2 years and 3 months and 3 years, featuring fixed interest rates of 5.45% - 5.95% per year. The bonds will be offered to institutional investors and/or large investors, while Tris Rating has assigned a credit rating of "BBB-" with a "Stable" outlook. The subscription period is from July 3-5 through 8 leading securities firms, as ASW advances its strategy to expand its residential market across all segments to become a leading real estate developer in the country.

Mr. Kramchat Wiphanpong, Chief Executive Officer of Asset Wise Public Company Limited (ASW), a leading real estate developer focused on lifestyle under the concept of "Happiness Designed for You" or "We Build Happiness," revealed that the company is preparing to offer its second bond issuance of 2023. This long-term bond is of the non-subordinated, unsecured type and has two series: Series 1 with a duration of 2 years and 3 months and a fixed interest rate of 5.45-5.55% per year, maturing in 2025, and Series 2 with a duration of 3 years and a fixed interest rate of 5.90-5.95% per year, maturing in 2026. Interest will be paid every 3 months throughout the bond's duration, with the final interest rate to be announced later.

The ASW bonds will be available for subscription from July 3-5, 2023, for institutional and/or large investors at a price of 1,000 baht per unit, with a minimum subscription of 100,000 baht and increments of 100,000 baht. The company has received a credit rating of "BBB-" with a "Stable" outlook from Tris Rating Co., Ltd. as of August 31, 2022, indicating an Investment Grade rating that reflects the company's potential as a leading real estate developer with strong performance and low risk.

Both bond series will be offered through 8 leading securities firms, including Asia Plus Securities, Krung Thai Xspring Securities, KGI Securities (Thailand), Dao Securities (Thailand), Yuanta Securities (Thailand), Bluebell Securities, Finansa Cyrus Securities, and Maybank Securities (Thailand). The funds raised will be used to support the company's strategic growth plans and for working capital.

“Given the company's outstanding performance, I am confident that this bond offering will receive a positive response from our target investors and will strengthen our capital base to support our strategic growth plans in the residential market across all segments, driving the organization towards becoming a leading real estate developer in the country as intended,” said Mr. Kramchat.

However, considering the company's performance in the first quarter of 2023, it has been quite remarkable, with total revenue of 1,743 million baht and a net profit of 283 million baht, growing by 37% and 25% respectively compared to the same period last year. At the same time, the company achieved total pre-sales of 3,495 million baht.

In the second quarter, the company plans to gradually launch 4 new condominium projects worth a total of 6,450 million baht, including: 1) Kave Pop Salaya (238 units, project value 500 million baht), 2) Kave Coco Bangsaen (974 units, project value 2,000 million baht), 3) Atmoz Palacio Ladprao - Wanghin (759 units, project value 1,750 million baht), and 4) Modiz Vault Kaset-Sripatum (798 units, project value 2,200 million baht).

“Based on this business plan, I am confident that in the first half of 2023, both sales and the company's performance will be closely watched. I also believe that we will achieve our sales target of 15,000 million baht and revenue recognition of 7,200 million baht for the entire year,” Mr. Kramchat concluded.

ASW is engaged in real estate development, focusing on high-rise and low-rise residential projects in prime locations under the concept of "Happiness Designed for You" or "We Build Happiness." Currently, the company has developed over 50 condominium and housing projects under brands designed to create happiness suitable for every lifestyle, including KAVE, ATMOZ, MODIZ, ESTA, and THE HONOR, with a total project value exceeding 55,300 million baht, comprising 37 completed and ready-to-move-in projects and 13 projects currently open for sale and under development. The company currently has a strong backlog of sales awaiting revenue recognition valued at 12,538 million baht.