RML, or Raimon Land Public Company Limited, has announced the successful sale of secured bonds with a high interest rate of 7.3% per annum, totaling 207 million baht. Investors flocked to purchase the bonds, leading to a complete sell-out. The company is now preparing to file for and offer a new series of bonds, expected to open for subscription in late March 2025.

Mr. Sorapong Ma Muang, Chief Financial Officer of RML, stated, "The issuance and sale of the company's second and fourth bond series received an excellent response from investors, with an interest rate of 7.30% per annum, paying interest every three months and maturing in 2026. These bonds are non-subordinated, secured, and have a bondholder representative. The interest exceeded the amount offered, with the sale period from January 14-16 and 21-23, 2025, fully booked in a short time. We thank the investors for their trust, reflecting confidence in the RML brand and our business operations."

Regarding the repayment of bonds maturing in January 2025, totaling 523.4 million baht, the company has successfully repaid both principal and interest to all bondholders. Historically, the company has consistently paid interest and repaid bond principal on time without default, confirming its financial management capabilities and commitment to transparent business operations as outlined.

“The success of the secured bond sale at the beginning of 2025 reflects the company's potential to execute strategies laid out since 2024, including capital increases, the sale of the ultra-luxury condominium project ‘The Estelle Phrom Phong,’ and progress on the luxury condominium in the heart of Sathorn, ‘Tait Sathorn 12,’ which is nearing completion of sales. Additionally, the company is advancing the conversion of the ‘OCC’ building into a Real Estate Investment Trust (REIT), currently undergoing due diligence with major investors. Meanwhile, the launch of the ultra-luxury mansion project ‘THE 528 ESTATE’ has received positive feedback from both domestic and international clients, and the ongoing sale of condominium stock along the Chao Phraya River, ‘The River,’ continues. All these factors are crucial in supporting RML's goal of achieving a turnaround by 2025,” Mr. Sorapong concluded.