APM Files for Secured Bond Offering for DHOUSE, Series 2/68, Worth Up to 120 Million Baht with 7.25% Annual Interest
APM has submitted a filing for DHOUSE to the SEC, preparing to offer secured bonds for the second time in 2568, maturing in 2570. These bonds are registered to specific holders and are non-subordinated, with a bondholder representative. The issuer has the right to redeem the bonds before maturity, with a term of 2 years and 6 months and a fixed interest rate of 7.25% per annum. The offering is aimed at institutional investors and/or large investors, with a total value not exceeding 120 million baht. The business collateral is valued at no less than 1.4 times the total bond value, intended to fund the production facility for prefabricated building components and to develop the UPark Residence project, as well as to provide working capital for the business and repay the DHOUSE25NA bonds. The offering is expected to take place from May 6-8, 2568, with the bonds anticipated to be issued on May 9, 2568.

Mr. Atth Lertroongporn, Managing Director of Business Development, Marketing, and Sales at DHOUSE Development Public Company Limited (DHOUSE), revealed that the company focuses on developing real estate projects in Mahasarakham province, adhering to principles that meet customer needs, offer reasonable pricing, and emphasize high construction quality along with quality after-sales service.

Currently, the company has 4 ongoing real estate projects for sale, including The Grand Canal, Grand Biz, Phukphirum Sala Klang, and UPark HOME. Additionally, the company is constructing 2 rental property projects to meet housing demand in strategic locations in Mahasarakham, namely UPark Market and UPark Residence.
Moreover, the company operates a gas station and a convenience store within the gas station in a DODO (Dealer Owned Dealer Operated) format, located on Thakhan Yang - Ban Khee Road in Kantharawichai district, Mahasarakham, near Mahasarakham University, under the name “PTT UPark Khamriang.” This business diversifies the company’s operations beyond real estate development, allowing for continuous revenue generation and effective risk distribution.

Mr. Somsak Sirichainarumit, CEO of Asset Pro Management Co., Ltd. (APM), as the financial advisor, stated that the company has filed with the Securities and Exchange Commission (SEC) for the offering of high-risk secured bonds from DHOUSE Development Public Company Limited, Series 2/2568, maturing in 2570. The bond issuer has the right to redeem the bonds before maturity, with a term of 2 years and 6 months and a fixed interest rate of 7.25% per annum, with interest paid every 3 months throughout the bond's term, for a total offering not exceeding 120 million baht.
The bonds are secured by 13 land titles, covering a total area of 42 rai, 3 ngan, and 90.20 square wah. The issuer must maintain the value of the collateral assets at no less than 1.4 times the total value of the bonds that have not yet been redeemed throughout the bond's term.

Mr. Suriyatham Thamthira, Deputy Managing Director of APM, discussed the purpose of this bond offering, which is to invest in the production facility for prefabricated building components (Prefab) and to develop the UPark Residence project, as well as to repay the DHOUSE25NA bonds and provide working capital for business growth.
The company submitted its filing to the SEC on March 31, 2568, and is currently in the approval process with the SEC. The offering date is expected to be set between May 6-8, 2568, with the bond issuance anticipated on May 9, 2568.

Mr. Thitiphat Thaveesin, Deputy Managing Director of Corporate Finance Solutions & REIT at Dao Securities (Thailand) Public Company Limited, as the bond distribution manager, stated that the offering of DHOUSE bonds, Series 2/2568, is aimed at institutional investors and/or large investors. There are three bond distribution managers: Dao Securities (Thailand) Public Company Limited, Globlex Securities Co., Ltd., and Phillip Securities (Thailand) Public Company Limited, with KPM Securities Co., Ltd. serving as the bond registrar and Dao Securities (Thailand) Public Company Limited as the bondholder representative.