Noble Development Public Company Limited will offer 3-year bonds with a fixed interest rate of 4.50% per annum, paying interest every 3 months. The total offering will not exceed 1,500 million baht, with a minimum purchase of 100,000 baht and increments of 100,000 baht for institutional and/or major investors. Interested parties can subscribe to the bonds at Kasikorn Bank, Krung Thai Bank, Asia Plus Securities Co., Ltd., and KGI Securities (Thailand) Public Company Limited. The bond offering is expected to take place from June 17-19, 2019. Investors can find more details in the bond offering prospectus available at www.sec.or.th.

           The company has submitted a registration statement to the Securities and Exchange Commission to offer bonds to institutional and/or major investors. The company has been rated "BBB" with a negative outlook by TRIS Rating Co., Ltd. as of March 1, 2019. The funds raised from this bond issuance will be used to repay bonds maturing in June 2019, totaling 1,500 million baht.

           NOBLE primarily engages in residential real estate development, offering projects for both single-family homes and condominiums, including low-rise and high-rise buildings, to meet diverse living needs and lifestyles through innovative living solutions. The company focuses on locations with potential, close to business districts, and equipped with amenities that enhance living quality. In 2018, the company reported total revenue of 5,152.93 million baht and a net profit of 986.98 million baht. For the first quarter of 2019, the company reported total revenue of 3,691.77 million baht and a net profit of 1,309.36 million baht.

 

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