Frasers Property (Thailand) Public Company Limited or FPT, the first comprehensive real estate service provider in Thailand, announced that its bond subscription was overwhelmingly successful, with subscriptions exceeding 4.5 times the offering amount. The bond issuance was closed at 5 billion baht. This excellent response reflects investors' confidence in the company's performance and its One Platform strategy, which integrates residential, industrial, and commercial real estate. The funds raised will strengthen FPT's investment capacity and enhance liquidity in 2021.

Mr. Thanapol Sirithanachai, Chief Executive Officer of Frasers Property (Thailand) Public Company Limited, revealed that the bond issuance was successful as planned, with a strong interest from investors. This allowed the company to offer 3-year bonds with a fixed interest rate of 2.16% for institutional investors, totaling 5 billion baht, with the bond issuance scheduled for May 6, 2021.


Mr. Thanapol Sirithanachai
Chief Executive Officer, Frasers Property (Thailand) Public Company Limited

There was overwhelming interest from institutional investors, with subscriptions exceeding 4.5 times the bond offering amount. Investors recognized the potential of FPT, which has a comprehensive real estate platform under the One Platform strategy that fosters continuous growth and the ability to diversify business risks through the management of various asset types catering to multiple customer groups. Additionally, the company has an excellent financial position and discipline, along with flexible and resilient management capabilities to adapt to changes and challenging situations. The funds raised from this bond issuance will be used for working capital, debt repayment, and funding for various development projects to ensure stable and sustainable growth.

Tris Rating Co., Ltd. has assigned a credit rating of "A-" to the company, reflecting its leadership as a comprehensive real estate developer, as well as the growth of its product brands and revenue in the residential development business. The rating also acknowledges the company's recognized performance in the prefabricated factory and rental warehouse sectors. Furthermore, the credit rating reflects the company's strategic importance as a member of Frasers Property Limited, a multinational real estate development company listed on the Singapore Stock Exchange. The bond issuance was managed by Kasikornbank Public Company Limited and United Overseas Bank Limited.