SENA Completes Bond Sale Target of 1 Billion Baht, Thanks to Investor Confidence in Performance and Future Growth Potential
Ms. Athika Boonrodchu, Assistant Managing Director of Fund Allocation and Investment at Sena Development Public Company Limited (SENA), a leader in real estate project development, revealed that the company offered its bonds for the second time in 2023, with a maturity of 2 years and 6 months and a fixed interest rate of 5.70% per annum, during the dates of September 27, 30, and October 1, 2023, with a total offering value not exceeding 1 billion baht. The proceeds are intended to repay existing bonds maturing in October 2023. The response from investors was overwhelming, with subscriptions reaching the target set by the company, resulting in a total fundraising amount of 1 billion baht. This reflects that many investors have confidence in the company's performance and its growth potential in the future.
Ms. Athika expressed gratitude to all investors for their confidence in investing in SENA bonds, as well as to the 14 distribution managers who have consistently supported the company. Investing in SENA bonds represents a reliable investment opportunity, with the company's and bond's credit rating at “BBB-” with a “Stable” outlook, as rated by TRIS Rating Co., Ltd., which is considered an Investment Grade level, along with the company's strong financial status.
Additionally, SENA has projects scheduled for completion in 2023, ready to gradually recognize revenue from 10 projects with a total project value of over 7 billion baht, including: 1. Sena Kith Srinakarin-Sridhan 2. Sena Kith Rattanathibet – Bang Bua Thong 3. Flexi Suksawat 4. Sena Kith Bangna Km.29 Phase 1 5. Sena Kith Theparak Bang Bo 2 Phase 2 6. Sena Kith Rangsit Tiwanon 7. Sena Kith Sathorn – Kalapapruek Phase 1 8. Sena Kith Petchkasem 120 Phase 1 9. Sena Eco Town Rangsit – Station Phase 1 and 10. Sena Kith Rangsit - Klong 4, which will start to recognize revenue from the fourth quarter onwards. The company is also advancing the LivNex home rental savings project to provide customers with options for purchasing homes and another channel to facilitate home ownership. The LivNex home rental savings project is a significant strength for SENA at this time.