'Ananda' is preparing to issue bonds with maturities of <\/strong>1 year 6 months and 2 years 6 months <\/strong><\/span><\/span>offering interest rates between [4.40-4.60]% and [5.20-5.30]% per year.<\/strong><\/span><\/span><\/p>

Six financial institutions have been appointed to offer these bonds to the general public and institutional investors in early August.<\/strong><\/span><\/span><\/p>

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Bangkok <\/em><\/strong>June 24, 2021:<\/em><\/strong> Ananda Development Public Company Limited is preparing to issue and offer bonds in 2 series, with a maturity of 1 year 6 months offering returns between [4.40-4.60]% per year and a maturity of 2 years 6 months offering returns between [5.20-5.30]% per year. The bonds have been rated BBB- by Tris Rating and six financial institutions have been appointed as underwriters to offer these bonds to the general public and institutional investors in early August.<\/em><\/span><\/span><\/p>

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Mr. Sermsak Kwanpao, Chief Financial Officer of <\/strong><\/span><\/span>Ananda<\/span><\/a> Development Public Company Limited, or ANAN, a leader in urban residential development and the market leader in condominiums near the BTS Skytrain, revealed that the company has submitted information to offer bonds to the general public and institutional investors in two series to the Securities and Exchange Commission (SEC). The bonds have maturities of 1 year 6 months and 2 years 6 months, with returns set at [4.40-4.60]% per year and [5.20-5.30]% per year, respectively, with interest paid every three months. These bonds have been rated BBB- by Tris Rating as of June 10, 2021, the same as the corporate credit rating, with a 'Stable' outlook. The company has appointed six financial institutions as underwriters, including Krung Thai Bank Public Company Limited, Kasikorn Bank Public Company Limited, CIMB Thai Bank Public Company Limited, Asia Plus Securities Company Limited, Krung Thai Semico Securities Company Limited, and Globlex Securities Company Limited, with sales expected to begin in early August.<\/span><\/span><\/p>

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"In the past, the company has consistently raised funds through bond issuance and received positive responses from investors, as they are confident in the company's growth and business expansion opportunities. As a market leader in condominiums adjacent to the BTS Skytrain, which remains in high demand among consumers and has significant growth potential, we are confident that this bond offering will attract investor interest just as it has in the past, especially from those seeking opportunities in securities that offer satisfactory returns with acceptable risks. Both series of our bonds can meet investors' needs very well," Mr. Sermsak stated.<\/strong><\/span><\/span><\/p>

Ananda Development Public Company Limited operates in the real estate development sector, including condominium projects, housing developments, 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 developments and townhouses emphasize unique architectural design concepts that cater to the needs of different customer segments.<\/span><\/span><\/p>

For the first quarter of 2021, the company reported total transfers of 3,059 million baht, with the proportion of transfers from foreign customers remaining similar to the previous year at 21%. Total sales reached 3,979 million baht, exceeding the target of 3,393 million baht by 17% from ready-to-move-in projects, indicating that the demand for real estate continues despite the ongoing COVID-19 pandemic.<\/span><\/span><\/p>

The Chief Financial Officer of Ananda stated that <\/strong>although 2021 has been a year where the business sector must continuously adapt to cope with risks and uncertainties, the distribution of COVID-19 vaccines in the second half of this year is expected to revive tourism and positively impact the purchasing power of foreign customers, especially Chinese buyers who have high demand. This will lead to a more favorable outlook. The company aims for total transfers of 16,008 million baht this year, with a sales target of 18,570 million baht and plans to launch 5 new projects worth over 24,422 million baht in locations with potential near BTS stations. Additionally, the company is taking a step further by becoming the first real estate developer in Thailand to facilitate customers in purchasing by partnering with Bitkub to allow cryptocurrency for buying houses and condominiums.<\/span><\/span><\/p>

"In addition to our commitment to achieving sales and transfer targets, we continue to strengthen our financial structure. As of the end of the first quarter, the company maintained cash reserves exceeding 10,000 million baht in joint venture projects and continues to receive ongoing support from leading financial institutions. We aim to maintain the ratio of net interest-bearing debt to equity under a long-term target of 1:1 to reinforce the company's financial strength and instill confidence in investors interested in our bonds," the Chief Financial Officer of Ananda stated.<\/strong><\/span><\/span><\/p>

Given the current COVID-19 pandemic situation, Ananda has increased the channels for purchasing bonds to facilitate individual investors. They can now subscribe to both series of bonds online or via mobile applications, or through voice recording without needing to visit the branches or sales offices of the underwriters. Interested investors can inquire for more details from the six bond distribution managers starting today.<\/span><\/span><\/p>

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For investors interested in subscribing to Ananda Development Public Company Limited's bonds, the minimum subscription is 100,000 baht and multiples of 100,000 baht. More details can be found at www.sec.or.th or by contacting the six financial institutions as follows:<\/span><\/span><\/p>

Krung Thai Bank Public Company Limited, Tel. 02-111-1111<\/span><\/span><\/p>

Kasikorn Bank Public Company Limited, Tel. 02-888-8888 ext. 819, where individuals can subscribe online via https://www.kasikornbank.com/kmyinvest<\/a> (except for foreign nationals and legal entities who can subscribe through the head office and branches)<\/span><\/span><\/p>

CIMB Thai Bank Public Company Limited, Tel. 02-626-7777<\/span><\/span><\/p>

Globlex Securities Company Limited, Tel. 02-687-7549<\/span><\/span><\/p>

Asia Plus Securities Company Limited, Tel. 02-680-4004<\/span><\/span><\/p>

Krung Thai Semico Securities Company Limited, Tel. 02-695-5000<\/span><\/span><\/p>