Ananda Prepares to Issue New Bonds with Collateral Worth at Least 1.50 Times, Interest Rate of 6.75 – 6.85%, Expected to Open for Subscription from September 8-10, 2025

Aug 06, 2025 | view 490

Ananda Development Public Company Limited ("the Company" or "ANAN") is set to issue a new series of bonds with a maturity of 1 year and an interest rate of [6.75 – 6.85]% per annum, with interest paid every 3 months. The bonds will be secured by collateral valued at no less than 1.50 times the total amount of bonds issued and offered for sale, which consists of 99 rai and 46.5 square wah of land in the heart of Phuket, valued at 1,506 million baht. These bonds will be offered to institutional investors and/or large investors.

Mr. Prasert Butdulyasathit, Chief Executive Officer of the Real Estate Business Division at Ananda Development Public Company Limited (ANAN), revealed that ANAN is engaged in real estate development, including condominium projects, housing estates, and townhouses in Bangkok and its vicinity. The condominium projects focus on connectivity with BTS stations to enhance the convenience of living for residents, while the housing estates and townhouses emphasize distinctive architectural design that meets the needs of various customer groups.

This year, Ananda highlights 3 newly completed projects (3 Unpack) with a total project value of 12,098 million baht, currently achieving over 78% in total sales, amounting to 9,483 million baht. This includes the Ideo Ramkhamhaeng - Lamsali Station project valued at 2,512 million baht with sales of 1,954 million baht (Sold 78%), the Culture Thonglor project valued at 3,466 million baht with sales of 3,340 million baht (Sold 96%), and the Culture Chulalongkorn project valued at 6,120 million baht with sales of 4,189 million baht (Sold 68%). The total sales represent a strong backlog ready to generate revenue for the company.

Furthermore, the company has an inventory ready to support revenue generation totaling over 29,373 million baht, which is a backlog of already sold units, ready to recognize revenue of over 10,130 million baht. This revenue is expected to flow in continuously from the second half of 2025 to 2026.

The company is confident that this bond issuance will attract investor interest similar to previous offerings, as it presents a short-term bond with a reasonable return and collateral valued at no less than 1.50 times. This represents an investment opportunity and is an attractive option for investors seeking good returns with land collateral in a prime location in the heart of Phuket.

Investors can subscribe with a minimum of 100,000 baht and in increments of 100,000 baht. The offering is expected to take place from September 8-10, 2025. The company has received a credit rating from TRIS Rating Company Limited at "BB+" with a negative outlook as of April 2, 2025. It has appointed several securities firms, including Yuanta Securities (Thailand) Co., Ltd., Asia Plus Securities Co., Ltd., Bluebell Securities Co., Ltd., Beyond Securities Public Company Limited, Dao Securities (Thailand) Public Company Limited, Krung Thai Xspring Securities Co., Ltd., UOB Kay Hian Securities (Thailand) Public Company Limited, and KGI Securities (Thailand) Public Company Limited, as underwriters for the bond issuance, with the purpose of using the proceeds to repay the ANAN261A bond maturing on January 15, 2026.

Interested investors can find more details about the ANAN bonds at www.sec.or.th and can inquire further from the bond distribution managers at the following 9 locations starting today: