Major Development Public Company Limited, a leader in luxury real estate development and pet-friendly condominiums (Pet Family Residences), has successfully closed the offering of its new bond issue
with a total value of 1 billion baht, fully subscribed, reinforcing investor confidence in the company and reflecting its strong fundamentals as it continues to deliver top-tier luxury residential projects in Thailand.

Ms. Petchlada Poovoralak, Chief Executive Officer of Major Development Public Company Limited, a leader in luxury real estate development and pet-friendly condominiums (Pet Family Residences), stated, "The company received an excellent response from institutional investors and major investors for the bond offering in the second quarter of 2024, with a total value not exceeding 1 billion baht and an additional 250 million baht in reserve bonds. After the offering period from April 22 to 24, 2024, with a fixed interest rate of 7.10% per annum, paid quarterly, we received a strong response and successfully sold the entire 1 billion baht in bonds. Additionally, investor demand remains high, with nearly 50 million baht in reserve bonds purchased, bringing the total value to 1,045.7 million baht."

“Even during a period of market volatility due to global economic factors, major investors and institutional investors are considering their investments more carefully. However, the company continues to receive positive responses as before, reflecting investor confidence in the company's operational direction, which continues to advance in both real estate and new business sectors. We are committed to ensuring the organization grows steadily and sustainably as a Lifescape Developer. The company thanks all investors for their trust in investing in our bonds this time and appreciates the bond distribution managers for their confidence in the company, which has led to the successful issuance and offering of these bonds. The funds raised from this bond offering will be used as stated in our financial objectives,” Ms. Petchlada concluded.