Singha Estate Public Company Limited, or “S” 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 demonstrating the confidence and trust investors have in the business plan and growth of Singha Estate Group amidst the volatile Thai bond market. The company is ready to continue fostering sustainable growth and returns.

Ms. Thitima Rungkwansiriroj, CEO of Singha Estate Public Company Limited, or ‘S’ stated, “We would like to thank all investors who have confidence and trust in purchasing our bonds this time, and we also thank the three leading financial institutions appointed as bond underwriters, namely Krung Thai Bank, Kasikorn Bank, and Kiatnakin Phatra Securities, for facilitating investors with information about our bond investment and providing various sales channels to make it easier for the general public to access our bond investments.”

The bonds offered this time are registered bonds, non-subordinated, unsecured, with a 3-year maturity and an interest rate of 5.00% per annum, with interest payments every three months. The 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 with 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 reinforces investors' confidence 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 always trusted 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 had outstanding performance last year. Currently, SHR owns a total of 38 hotels with 4,552 rooms located in key tourist destinations across 3 regions and 5 countries. The residential real estate business focuses on the luxury segment, with policies to develop various types 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 co-generation power production.