Origin Property Public Company Limited (ORI) <\/strong><\/span>is set to offer bonds to the general public and institutional investors in three series with interest rates ranging from 4.50% to 5.15%, paying interest every three months.<\/strong><\/span>The offering will take place from February 10-11 and on February 13, 2025, through nine financial institutions including CIMB Thai Bank, Asia Plus Securities, CGS-CIMB Securities (Thailand), Bluebell Securities, Globlex Securities, UOB Kay Hian, Maybank Securities (Thailand), Pie Securities, and Mertion Partners. The company also showcases a backlog of 47.33 billion baht, ready to recognize revenue for the next five years, with plans to transfer ownership of 13 new completed condominium projects in 2025, valued at a total of 17.18 billion baht, averaging over 70% backlog.<\/strong><\/span><\/p>

Mr. Pirapong Jaroonaek, CEO of Origin Property Public Company Limited (ORI) <\/span><\/strong>revealed that ORI is ready to offer its first bond issuance of 2025. The bonds being offered are registered bonds, non-subordinated, unsecured, and have a bondholder representative. TRIS Rating has assigned a corporate credit rating and bond rating of "BBB+" with a "stable" outlook, reflecting the company's strong backlog and its ability to recognize revenue for the next five years. The purpose of this bond issuance is to repay bonds maturing in April 2025. The offering consists of three series of bonds, available for subscription from February 10-11 and February 13, 2025.<\/strong> All three series will pay interest every three months, with the following details:<\/span><\/p>

  • Series 1: 2 years, 1 month, and 8 days with a fixed interest rate of 4.50% per annum.<\/span><\/li>
  • Series 2: 3 years with a fixed interest rate of 4.85% per annum.<\/span><\/li>
  • Series 3: 4 years with a fixed interest rate of 5.15% per annum.<\/span><\/li>

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In 2024, the company achieved presales from residential projects totaling 35.435 billion baht, meeting its target, with sales from high-rise residential projects or condominiums under Origin Vertical Corporation Limited amounting to 28.891 billion baht, accounting for 82% of total sales. Meanwhile, sales from housing projects or low-rise residential projects under Britannia Public Company Limited (BRI) totaled 6.544 billion baht, representing 18% of total sales.<\/span><\/p>

Additionally, in 2024, the company launched 14 new joint venture projects, including condominium projects, housing projects, hotels, and warehouses, bringing the total number of joint venture projects to 119, with a total value of 186.96 billion baht. The company has also enhanced its competitive edge by launching the Origin Agent Club to actively target foreign customers by partnering with over 300 agents, resulting in sales to foreign customers reaching 5.7 billion baht in 2024, a growth of 225%.<\/span><\/p>

Regarding the company's new business segments or New S Curve, which includes hotels, warehouses, and services to create a balanced and sustainable growth, the hotel business currently encompasses 11 well-known hotel brands, such as Staybridge Suites Bangkok Thonglor, Holiday Inn & Suites Sriracha-Laem Chabang, and InterContinental Bangkok Sukhumvit, with a total of 2,657 rooms. In December 2024, the average occupancy rate reached 76%. The warehouse business has a strategic transport location across 10 sites nationwide, including Samut Prakan, Pathum Thani, Chachoengsao, and Chonburi, with a total rental area exceeding 403,447 square meters and a warehouse rental rate exceeding 90%. Lastly, the comprehensive real estate service business under Primo Service Solutions Public Company Limited (PRI) currently manages clients from upstream to downstream, including construction management, property management, investment property management, interior design services, and cleaning services, overseeing over 229 projects, representing over 44,650 families. The company's new business segments will ensure sustainable growth in the long term without solely relying on property development for sale.<\/span><\/p>

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For investors interested in purchasing bonds, the minimum subscription is 100,000 baht and multiples of 100,000 baht through the nine financial institutions listed below:<\/span><\/p>

  • CIMB Thai Bank Public Company Limited, Tel. 02-626-7777 or subscribe via Mobile application - CIMB Thai <\/span><\/span><\/li>
  • Asia Plus Securities Company Limited, Tel. 02-680-4004<\/span><\/span><\/li>
  • CGS-CIMB Securities (Thailand) Company Limited, Tel. 02-846-8675<\/span><\/span><\/li>
  • Bluebell Securities Company Limited, Tel. 02-249-2999<\/span><\/span><\/li>
  • Globlex Securities Company Limited, Tel. 02-687-7543<\/span><\/span><\/li>
  • UOB Kay Hian (Thailand) Public Company Limited, Tel. 02-659-5272-73<\/span><\/span><\/li>
  • Maybank Securities (Thailand) Public Company Limited, Tel. 02-658-5050<\/span><\/span><\/li>
  • Pie Securities Public Company Limited, Tel. 02-205-7000 ext. 7387<\/span><\/span><\/li>
  • Mertion Partners Company Limited, Tel. 02-660-6688<\/span><\/li>

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Warning:<\/u> <\/strong>Investing involves risks. Investors should study and understand the nature of the product, the terms of returns, and the risks before making investment decisions.
Investors can find detailed information in the securities offering document and draft prospectus at <\/span>www.sec.or.th<\/span><\/a><\/p>

Note:<\/u> Allocation is at the discretion of the bond distribution manager. The terms of distribution are as specified in the draft prospectus.<\/span><\/p>