>Mr. Vicharn Wiriya Pusit, Chief Financial Officer of Sansiri Public Company Limited, announced that Sansiri is preparing to offer subordinated bonds similar to equity or Perpetual Bonds to the general public (Public Offering), with the company's credit rating at Investment Grade of “BBB+” and a “Stable” outlook, and the subordinated bonds similar to equity rated “BBB-” by Tris Rating on February 6, 2025. This issuance aligns with the financial planning to support strong and sustainable business growth, enhance the flexibility of the capital structure, and replace the existing subordinated bonds similar to equity that the company plans to redeem early. Additionally, it provides investment options and attractive returns for general investors, with the expected interest rate for the first 5 years between [7.00 – 7.50]% per annum. The exact interest rate will be announced later, and subscriptions are expected to open between June 20, 23 - 25, 2025, with a minimum purchase of 100,000 THB and increments of 100,000 THB.

Recently, Sansiri announced its business plan for 2025, planning to launch 29 new projects worth 52 billion THB (14 horizontal projects and 15 condominiums), aiming for sales of 53 billion THB and transfer targets of 46 billion THB. The strategy focuses on expanding residential development in the luxury and premium segments in new high-potential locations, accelerating the launch of new condominiums in Bangkok, increasing backlog to support long-term revenue generation, and expanding project development to key tourist destinations such as Phuket, Pattaya, and Khon Kaen. The company is also expanding investment opportunities with new business partners for joint project developments, with 7 new joint venture projects worth 19.5 billion THB planned for this year, alongside a continuous commitment to social responsibility and environmental care.

In 2024, Sansiri achieved outstanding performance with sales and transfers (including joint venture projects) at 50 billion THB and 43.7 billion THB, respectively, successfully selling out 25 projects worth a total of 24 billion THB. For the 9-month period of 2024, the company reported the highest total revenue in the sector at over 29 billion THB and a net profit exceeding 4 billion THB.

Given the business plan and performance mentioned above, the issuance of subordinated bonds similar to equity is expected to succeed as targeted, with investors able to subscribe through 9 financial institutions: Bangkok Bank, Krung Thai Bank, Kasikorn Bank, Siam Commercial Bank, CIMB Thai Bank, Krung Thai Xspring Securities, Kiatnakin Phatra Securities, Asia Plus Securities, and Yuanta Securities (Thailand).

Investors interested in subscribing to subordinated bonds similar to equity can find more details and seek further advice at www.sec.or.th or contact the financial institutions managing the bond distribution this time:

  • Bangkok Bank Public Company Limited (except micro branches) Tel. 1333 (individuals can also subscribe online via the Bangkok Bank Mobile Banking app).
  • Krung Thai Bank Public Company Limited (individuals can also subscribe online via the Krungthai Next app) Tel. 02-111-1111.
  • Kasikorn Bank Public Company Limited All branches Tel. 02-888-8888 press 869, including Kasikorn Securities Public Company Limited as the sales agent of Kasikorn Bank Public Company Limited.
  • Siam Commercial Bank Public Company Limited Tel. 02-777-6784 (individuals can also subscribe online via the SCB EASY app, including Invest X Securities as the sales agent of Siam Commercial Bank Public Company Limited).
  • CIMB Thai Bank Public Company Limited Tel. 02-626-7777.
  • Krung Thai Xspring Securities Company Limited Tel. 02-695-5555.
  • Kiatnakin Phatra Securities Public Company Limited (individuals can also subscribe online via the Dime! app) Tel. 02-165-5555, including Kiatnakin Phatra Bank Public Company Limited as the sales agent of Kiatnakin Phatra Securities Public Company Limited.
  • Asia Plus Securities Company Limited Tel. 02-680-4004.
  • Yuanta Securities (Thailand) Company Limited Tel. 02-009-8351-56.

Warning: Investment carries risks. Investors should study, seek further advice, and understand the nature of the product, return conditions, and risks before making investment decisions. Investors can find details from the information statement and draft prospectus at www.sec.or.th.

Note: The company is in the process of submitting the information statement and draft prospectus to the SEC, which is not yet effective. Allocation will be according to the distribution manager's determination, and details will follow the conditions set forth in the draft prospectus.