• Sansiri received an excellent response from both retail and institutional investors, with overwhelming subscriptions for its bond offering, totaling 7 billion baht, which was fully subscribed!
  • This reinforces our success as a leader in real estate and reflects investor confidence in our strong financial structure and clear, sustainable business expansion plans.

Mr. Vicharn Viriyaprasit, Chief Financial Officer of Sansiri Public Company Limited (SIRI), a leading real estate developer in Thailand, revealed that the bond offering consisted of three tranches: the first tranche with a 2-year maturity at a fixed interest rate of 3.90% per annum, the second tranche with a 3-year maturity at a fixed interest rate of 4.20% per annum, and the third tranche with a 4-year maturity at a fixed interest rate of 4.50% per annum. The subscription period was from January 16-17 and January 20, 2025, and the response exceeded expectations from investors, leading to the complete subscription of the first bond offering valued at 7 billion baht, reflecting strong investor confidence in the Sansiri brand.

"Sansiri thanks investors for their trust in the SIRI bonds this time, resulting in the bonds being fully subscribed in a very short period. The funds raised from this bond issuance will be used to repay maturing bonds and the remainder will be used as working capital to support the company's growth, reinforcing our position as the number one brand for those wanting to own a home through strong product development and marketing strategies that meet consumer needs across all segments in terms of design, functionality, quality, and service that emphasize our unique stance," Mr. Vicharn stated.

Mr. Vicharn further stated that the success of this first bond issuance, valued at 7 billion baht, marks the beginning of stable growth this year. The remaining bond tranches are under consideration for suitability, as Sansiri has secured funding from financial institutions ready to support project development. Currently, the company has liquidity of approximately 15 billion baht. The company prioritizes maintaining appropriate liquidity to handle all situations. Even without plans for additional bond issuances, it still has sufficient liquidity to repay existing bonds on schedule.

Additionally, the company's bonds have been rated by Tris Rating Company at "BBB+" (Investment Grade) with a "Stable" outlook as of December 11, 2024. This rating reflects the company's strong competitive position, demonstrated by robust and efficient performance amid challenges, with strong results in 2024 where the company achieved a transfer target of 43.7 billion baht, and is ready to continue driving growth in 2025 while also focusing on social responsibility and environmental sustainability, ensuring the organization is prepared to handle all situations.

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