SC Asset Corporation Public Company Limited, a leading real estate developer delivering Living Solutions for better mornings, is pleased with the response to its bond sales to institutional and/or major investors from October 26 to 28. The interest in purchasing exceeded expectations, reflecting investors' confidence in the company.

Mr. Atthapol Surasithpanthawat, Chief Corporate Support Officer, revealed that the bonds offered by SC received significant interest from both major and institutional investors, with institutional investors expressing interest in purchasing approximately six times the amount allocated to them, surpassing the company's initial targets. This led the company to decide to utilize additional bonds that were reserved for further offerings, bringing the total value offered to 1.2 billion baht. The company thanks all investors for their trust in investing in its bonds this time and appreciates the three financial institutions that managed the bond distribution: Kasikorn Bank, CIMB Thai Bank, and Thai Military Bank, which played a crucial role in successfully presenting the company's bonds to investors. The company aims to use the proceeds from this bond issuance to repay maturing debts and as working capital for business operations, such as purchasing land for project development.

Mr. Atthapol further stated that the company's focus on developing horizontal projects primarily targets customers who are purchasing for actual residence. With the company's quality products and after-sales services recognized in the market, sales and revenue from horizontal projects have grown well. In the fourth quarter, four more horizontal projects will be launched, with a total project value exceeding 4.6 billion baht, bringing the total number of projects available for sale to 58, with a total project value of 44.67 billion baht. The company is confident it can achieve its revenue target of 17 billion baht for the year 2020. Additionally, the company's strength is reflected in its credit rating of BBB+ with a stable outlook, as of October 20, 2020, by TRIS Rating, which noted that the company has a widely recognized brand and a satisfactory market position, especially in the mid to high-end housing market, and is a leader in the housing development market for properties priced over 10 million baht.