DHOUSE has appointed DAOL GBS UOBKH PST APM to issue secured bonds for the first time in 2024, maturing in 2027. The bonds are registered to specific holders and are non-subordinated, with a representative for bondholders and the issuer. The bonds can be redeemed before maturity, have a term of 2 years and 6 months, a fixed interest rate of 7.50% per annum, and a total value not exceeding 135 million baht. The business collateral is valued at no less than 1.4 times the bond value. The bonds will be offered to institutional investors and/or major investors to develop real estate projects and repay the DHOUSE252A bonds. The subscription period is set for January 14-16, 2024, with bond issuance on January 17, 2024. APM, the financial advisor, is confident in the robust growth of the business.

Mr. Pongpachon Lertroongporn, CEO of DHOUSE Development Public Company Limited (DHOUSE), a leading real estate developer in Maha Sarakham, specializing in residential and commercial properties for sale, including single houses, twin houses, townhomes, home offices, and commercial buildings, stated that the company focuses on revenue growth and increasing profitability from both real estate and fuel station businesses. In the fourth quarter of 2023, the company has seen continuous revenue recognition from increased sales of real estate projects.

Additionally, the fuel station business has generated consistent revenue since its inception, with a high volume of customers due to the demand for fuel during the festive season, as well as increased patronage of the convenience store within the fuel station. This is expected to lead to improved operational results for 2023, following the company's return to net profit in the first nine months of the year.

Currently, DHOUSE operates four real estate development projects: The Grand Canal, Grand Biz, Phukphirum Sala Klang, and U PARK HOME, along with a fuel station business and a convenience store at the "PTT U-Park Kamriang" station near Maha Sarakham University, managed by D Energy & Retail Co., Ltd. in a DODO (Dealer Owned Dealer Operated) format. The revenue breakdown by business includes 39% from real estate and 58% from fuel stations and retail stores within fuel stations, with other income accounting for 3% (as of September 30, 2023).

The company has appointed DAOL Securities (Thailand) Public Company Limited as the bond distribution manager to offer high-risk secured bonds from DHOUSE Development Public Company Limited for the first time in 2024, maturing in 2027. The bonds have a term of 2 years and 6 months, a fixed interest rate of 7.50% per annum, with interest paid every three months throughout the bond's term, and a total value not exceeding 135 million baht. The collateral consists of 48 land titles totaling 251 rai, 1 ngan, and 41.90 square wah. The issuer must maintain collateral asset values at no less than 1.4 times the total value of outstanding bonds throughout the bond's term.

Dr. Somphop Sakpanpanom, Chairman of Asset Pro Management Co., Ltd. (APM), as the financial advisor, stated that DHOUSE Development Public Company Limited has a strong business foundation, being a real estate developer that effectively reaches its target audience in Maha Sarakham and nearby provinces. The company has expertise in the area and a significant amount of land ready for development, coupled with government infrastructure development and a growing economy in the northeastern region, as well as the expansion of the energy business, which will further strengthen the business.

Mr. Somsak Sirichainarimit, CEO of Asset Pro Management Co., Ltd. (APM), as the financial advisor, discussed the purpose of this bond issuance, which is to raise funds for the development of ongoing projects, including The Grand Canal and Phukphirum Sala Klang, focusing on developing projects in locations with potential and readiness in terms of public utilities and infrastructure, as well as to repay the DHOUSE252A bonds.

Mr. Thitiphat Taveesin, Deputy Managing Director of Corporate Finance Solutions & REIT at DAOL Securities (Thailand) Public Company Limited, stated that this bond offering is aimed at institutional and/or high net worth investors (II&HNW), with the subscription period set for January 14-16, 2024, and the bond issuance on January 17, 2024.

For the bond offering from DHOUSE Development Public Company Limited for the first time in 2024, there are four bond distribution managers: DAOL Securities (Thailand) Public Company Limited, Globlex Securities Co., Ltd., UOB Kay Hian Securities (Thailand) Public Company Limited, and Phillip Securities (Thailand) Public Company Limited, with CIMB Thai Bank Public Company Limited serving as the bond registrar, DAOL Securities (Thailand) Public Company Limited as the bondholder representative, and MSC International Law Office Co., Ltd. as the legal advisor.