Origin Property is preparing to sell a new bond offering in two series with an interest rate of 4.85 - 5.15% per year, paying interest every three months. The offering is expected to take place from April 1-3, 2025, through nine financial institutions, with a credit rating of "BBB+/Stable" from TRIS Rating, backed by a strong backlog of 44.562 billion baht.

Mr. Pirapong Jaroonaek, Chief Executive Officer of Origin Property Public Company Limited (ORI), stated that the company plans to offer a named bond type that is unsubordinated and unsecured, with a bondholder representative, to general investors and/or institutional investors, known as a Public Offering. The bonds being issued in the second tranche of 2025 consist of two series: a 3-year bond with an interest rate of [4.85]% per year and a 4-year bond with an interest rate of 5.15% per year, with interest paid every three months throughout the bond's duration. The minimum subscription is 100,000 baht, with increments of 100,000 baht. The offering is anticipated to occur between April 1 – 3, 2025, with the company and the bonds receiving a credit rating of “BBB+” with a “Stable” outlook from TRIS Rating on April 23, 2024.


Mr. Pirapong Jaroonaek, Chief Executive Officer of Origin Property Public Company Limited (ORI)

For the financial results of 2024, the Origin Group (including subsidiaries) reported total revenue of 11.985 billion baht and a net profit of 1.052 billion baht. The total presales for 2024 amounted to 35.442 billion baht, achieving the target, with sales from condominiums under ORIGIN VERTICAL at 28.891 billion baht, accounting for 82%, and sales from single-detached houses under BRITANIA at 6.551 billion baht, accounting for 18%. Notably, foreign sales exceeded 5.7 billion baht, representing a 225% growth from the same period last year, marking the highest sales ever recorded.

Of the total sales of 35.442 billion baht achieved last year, approximately 19.768 billion baht came from projects developed by the company (Non-JV), and about 15.674 billion baht from joint venture (JV) projects with partners. Sales from completed ready-to-move projects totaled approximately 19.635 billion baht, including condominiums, single-detached houses, and duplex houses spread across Bangkok and major provincial cities, while new and ongoing projects contributed about 15.787 billion baht. In 2024, the company launched 12 new projects with a total of 5,455 units, valued at 19.5 billion baht, comprising 4,944 condominium units worth 14.5 billion baht and 511 housing units worth 5 billion baht.

The company has adjusted its sales strategy to target foreign customers, wealth clients, and industrial customers to expand its customer base. As of the end of 2024, the backlog stood at 44.562 billion baht, ensuring continuous revenue for four years, with 16 projects awaiting revenue recognition in 2025, totaling 23.440 billion baht.

For investors interested in purchasing bonds, subscriptions can be made from April 1-3, 2025, through the following nine financial institutions:
• CIMB Thai Bank Public Company Limited, Tel. 02-626-7777 or subscribe via Mobile application - CIMB Thai
• Asia Plus Securities Company Limited, Tel. 02-680-4004
• CGS-CIMB Securities International (Thailand) Co., Ltd., Tel. 02-846-8675
• Bluebell Securities Company Limited, Tel. 02-249-2999
• Globlex Securities Company Limited, Tel. 02-687-7543
• UOB Kay Hian Securities (Thailand) Public Company Limited, Tel. 02-659-5272-73
• Maybank Securities (Thailand) Public Company Limited, Tel. 02-658-5050
• Phai Securities Public Company Limited, Tel. 02-205-7000 ext. 7387
• Mertion Partners Public Company Limited, Tel. 02-660-6688

Warning: Investing involves risks. Investors should study and understand the nature of the product, return conditions, and risks before making investment decisions. Detailed information can be found in the securities offering prospectus and draft prospectus at www.sec.or.th.

Note: Allocation is at the discretion of the bond distribution manager. The terms of distribution are as specified in the draft prospectus.