Origin Property is preparing to issue two new bond series with interest rates of 4.85 - 5.15% per annum, paying interest every 3 months, available for purchase from April 1-3, 2025, through 9 financial institutions. The bonds have been rated “BBB+ / Stable” by Tris Rating, with a backlog of 44,562 million baht supporting continuous revenue recognition for the next 4 years.

Mr. Pirapong Jaroonaek, CEO of Origin Property Public Company Limited (ORI), a comprehensive real estate developer, stated that the company has submitted a bond offering registration and draft prospectus to the Securities and Exchange Commission (SEC) to offer named bonds that are non-subordinated, unsecured, and have a bondholder representative to general investors and/or institutional investors, referred to as a Public Offering. The second bond issuance of 2025 consists of 2 series:

  • Bond Series 1: 3-year term with a fixed interest rate of 4.85% per annum.
  • Bond Series 2: 4-year term with a fixed interest rate of 5.15% per annum.

Both bond series will pay interest every 3 months throughout the bond term, with a minimum subscription of 100,000 baht and multiples of 100,000 baht. The offering will take place from April 1-3, 2025, and the company and bonds have received a credit rating of “BBB+” with a “Stable” outlook from Tris Rating on April 23, 2024.

For the business plan of 2025, the company is advancing its organization under the strategy “Resilience Leads Sustainable Growth,” creating flexibility in management to adapt to changes, aiming to lead and grow sustainably through new opportunities, ensuring long-term stability in business, society, and the environment with 7 KEYS TO SUCCESS: 1. FOCUS ON MAINSTREAM REVENUE, 2. UNIQUE VALUE PROPOSITION, 3. MARKET EXPANSION, 4. DIGITAL TRANSFORMATION, 5. FINANCIAL STRUCTURE MANAGEMENT, 6. CUSTOMER FINANCIAL SUPPORT, 7. ESG & GREEN REVOLUTION.

For the new project launch plan and targets for 2025:
- Launch 11 new projects in Bangkok and other provinces with a total value of 20,000 million baht, including 5 condo projects from ORIGIN VERTICAL valued at 12,500 million baht and 6 house projects from BRITANIA valued at 7,500 million baht.

- Target presales of 30,000 million baht and total revenue of 14,000 million baht.

- Transfer activities for condo units and houses amounting to 22,000 million baht, divided into 10,500 million baht from projects developed under subsidiaries and 11,500 million baht from projects developed under joint ventures.

Additionally, the company has condos scheduled for completion and gradual transfer of ownership to customers within 2025, with a backlog of over 15,000 million baht, representing 73% of the total value, with projects expected to be completed in Q1/2025 having a backlog of over 5,615 million baht, or 86% of the project value, consisting of grade A to A+ customers (paying down payments as scheduled), accounting for over 90% of the backlog value, including 3 projects: 1. Origin Plug & Play Sirinthorn Station, 2. Origin Plug & Play E22 Station, 3. The Origin Campus Khon Kaen.

For investors interested in purchasing bonds, subscriptions can be made from April 1-3, 2025, through the following 9 financial institutions:

• CIMB Thai Bank Public Company Limited, Tel. 02-626-7777 or subscribe via Mobile application - CIMB Thai.

• Asia Plus Securities Co., Ltd., Tel. 02-680-4004.

• CGS-CIMB Securities International (Thailand) Co., Ltd., Tel. 02-846-8675.

• Bluebell Securities Co., Ltd., Tel. 02-249-2999.

• Globlex Securities Co., Ltd., 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.

• Mercantile Partners Securities 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. Investors can find details in the bond offering registration and draft prospectus at www.sec.or.th.

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