Singha Estate Public Company Limited, or 'S', a leader in real estate development and investment both in Thailand and abroad, has successfully issued a 3-year bond with an interest rate of 5% per annum, achieving a total subscription value of 1 billion baht as targeted. This reflects the confidence and trust investors have in the business plan and growth of the Singha Estate group amidst the volatility of the Thai bond market. The company is poised to continue fostering sustainable growth and returns.

Ms. Thitima Rungkwansiriroj, Chief Executive Officer of Singha Estate Public Company Limited, or 'S', stated, "We would like to thank all investors for their confidence and trust in subscribing to our bonds this time, and we also extend our gratitude to the three leading financial institutions appointed as bond distribution managers: Krung Thai Bank, Kasikorn Bank, and Kiatnakin Phatra Securities, for facilitating investors with information about our bonds and providing various channels for public access to our bond offerings."

The bonds offered are registered bonds, non-subordinated, unsecured, with a representative for bondholders, having a 3-year term and an interest rate of 5.00% per annum, with interest payments every three months. These bonds received a credit rating from TRIS Rating Company on January 8, 2024, at 'BBB', which is classified as 'Investment Grade', along with an organizational credit rating of 'BBB+' with a 'Stable' outlook. The bonds were offered to the public on February 8-9 and 12, 2024, and received a strong response from investors, allowing the company to close the sale at a total value of 1 billion baht, reflecting investors' confidence in seeking satisfactory returns amidst the volatility of the Thai bond market.

“The success of this bond issuance underscores the confidence investors have in the brand and business plan of 'Singha Estate', as well as their trust in the company's operations. We will continue to expand our business sustainably and in line with our business plan, while striving to achieve strong performance to provide continuous good returns to all stakeholders, including customers, partners, shareholders, and investors who have consistently placed their trust in us,” Ms. Thitima added.

Singha Estate Public Company Limited, or 'S', operates in real estate development across four business units, including the hotel business managed by 'S Hotel and Resort' (SHR), a subsidiary that has shown outstanding performance over the past year. Currently, SHR owns a total of 38 hotels with 4,552 rooms located in key tourist destinations across three regions in five countries. The residential real estate business focuses on the luxury segment, with a policy to develop a variety of both horizontal and vertical projects, including single-detached houses, condominiums, and home offices. The commercial real estate business includes office buildings and retail spaces for lease in prime locations in Bangkok, which consistently show good growth potential and investment returns, as well as the industrial estate and infrastructure business, including investments in joint ventures in combined heat and power generation.