Bangkok, October 5, 2018: Ananda Development Public Company Limited is excited about the overwhelming response to its hybrid bond offering. CIMB Thai Bank, as the distributor, announced that it will release an additional 500 million baht from the reserved portion, bringing the total fundraising to 2 billion baht. Ananda's past performance, combined with confidence in its growth, has been a key factor attracting investors seeking long-term returns, while the management is ready to proceed with its expansion plans.

         Mr. Chanond Ruangkritya, CEO and Managing Director of Ananda Development Public Company Limited (ANAN), a leader in the condominium market near electric train lines, revealed that after closing the offering of the hybrid bond, the response from investors exceeded expectations. The company successfully raised a total of 2 billion baht through the hybrid bond offering. On behalf of the company, I would like to thank all investors for their support and confidence in our growth potential. Moving forward, the company will continue to expand its business according to the planned projects.

         The bonds in question are hybrid bonds, which are subordinated bonds with characteristics similar to equity. They are specified name bonds, subordinated, with a single principal repayment upon redemption when the company is dissolved or when the issuer exercises the right to redeem the bonds early under the specified conditions. They are unsecured, non-convertible, have a bondholder representative, and the issuer has the right to redeem the bonds early, as well as the right to defer interest payments, with accumulated interest payable at any time at the issuer's discretion, without limitation on duration or frequency. They are offered to institutional investors and large investors.

         Mr. Kittiphan Anutrasothi, CEO and Managing Director of CIMB Thai Bank, as the manager of this hybrid bond distribution, stated that the key factors contributing to the overwhelming demand for Ananda's bonds stem from the company's past performance and ongoing growth confidence, which have attracted investors looking for long-term returns. Additionally, the existence of a secondary market for bond trading, allowing investors to redeem bonds early through CIMB Thai Bank, has also supported investor decision-making.

         “CIMB Thai Bank is very proud to have supported the successful sale of Ananda's hybrid bonds and is delighted to be part of offering investment instruments that provide satisfactory returns to our clients,” Mr. Kittiphan said.

Thank you for the information from www.ananda.co.th