APM has submitted a filing to the SEC to propose the sale of long-term bonds for the first series of 2024, which are registered to specific holders, non-subordinated, unsecured, and have a bondholder representative. There will be two series: Series 1, maturing in 2026, allows the issuer to redeem the bonds before maturity, with a term of 2 years and a fixed interest rate of 7.25% per annum, with interest paid every 3 months throughout the bond's life. Series 2, maturing in 2027, also allows the issuer to redeem the bonds before maturity, with a term of 3 years and a fixed interest rate of 7.50% per annum, with interest paid every 3 months throughout the bond's life. The bonds will be offered to institutional investors and/or high-net-worth investors (II&HNW) to be used as short-term working capital, enhancing financial capacity to support opportunities in government and private construction projects, and to repay the RT252A bond. The subscription period is expected to be from October 1-3, 2024, with the sale anticipated on October 4, 2024.

Mr. Chawalit Thanomthin, CEO of Right Tunneling Public Company Limited (RT), a specialist in civil engineering, tunneling, and geotechnical work, revealed that the company focuses on growth through recognizing revenue from ongoing construction projects (Backlog). As of June 30, 2024, the company has a backlog of 7.332 billion baht and plans to bid for additional government and private construction projects to strengthen its backlog and ensure continuous revenue recognition.

At the same time, the company continues to enhance operational efficiency to ensure construction proceeds as planned, manage construction costs to reduce unnecessary expenses, and prepare financially for future growth opportunities.

Mr. Somsak Sirichainarimit, CEO of Asset Pro Management Co., Ltd. (APM), stated that the company has submitted a filing to the Securities and Exchange Commission (SEC) for the long-term bond issuance of Right Tunneling Public Company Limited, the first series of 2024, which are registered to specific holders, non-subordinated, unsecured, and have a bondholder representative. There will be two series: Series 1, maturing in 2026, allows the issuer to redeem the bonds before maturity, with a term of 2 years and a fixed interest rate of 7.25% per annum, with interest paid every 3 months throughout the bond's life, and Series 2, maturing in 2027, also allows the issuer to redeem the bonds before maturity, with a term of 3 years and a fixed interest rate of 7.50% per annum, with interest paid every 3 months throughout the bond's life.

Mr. Suriyatham Thamthira, Deputy Managing Director of Asset Pro Management Co., Ltd. (APM), discussed the purpose of this bond issuance and sale, stating that the funds raised will be used as short-term working capital for the company, strengthening its financial position to support construction operations for both government and private projects that will arise from future bids, as well as to repay the RT252A bond.

The company submitted the filing to the SEC on August 23, 2024, and is currently in the process of obtaining approval from the SEC. The sale date is expected to be set between October 1-3, 2024, with the bond issuance anticipated on October 4, 2024.

Mr. Thitiphat Taveesin, Deputy Managing Director of Corporate Finance Solutions & REIT at Dao Securities (Thailand) Public Company Limited, as the bond distribution manager, stated that the RT bond offering for the first series of 2024 will have six bond distribution managers, including Dao Securities (Thailand) Public Company Limited, UOB Kay Hian Securities (Thailand) Public Company Limited, Globlex Securities Co., Ltd., Phillip Securities (Thailand) Public Company Limited, Siam Wealth Securities Co., Ltd., and Krung Thai Xspring Securities Co., Ltd. The bonds will be offered to institutional investors and/or high-net-worth investors (Institutional Investor and High Net Worth Investor: II&HNW), with Bangkok Bank Public Company Limited serving as the bond registrar and Dao Securities (Thailand) Public Company Limited as the bondholder representative.