Noble Development Public Company Limited (NOBLE) announced that its bond issuance and offering have successfully exceeded the set target, expressing gratitude for the positive response from investors. The bond distribution manager noted that the strong interest stems from investors' confidence in the company, which has a solid track record of never defaulting on payments, a well-recognized brand in the market, and an upgraded credit rating from TRIS Rating amidst the uncertainties of the COVID-19 situation.

Mr. Atthawit Chalermphakdee, Director and Chief Financial Officer of Noble Development Public Company Limited (NOBLE), stated that the company appreciates all investors who have shown confidence in its business operations, subscribing to bonds in amounts exceeding the company's target despite the ongoing uncertainties due to COVID-19. This led the company to utilize an additional 300 million baht from the Greenshoe option, bringing the total bond issuance and offering to 1.8 billion baht, which was available for subscription from January 25 to 27, 2022. Part of the proceeds will be used to purchase land for developing horizontal projects that continue to show strong growth, while the remainder will be reserved for repaying bonds maturing in June 2022 and for working capital. In 2022, the company is preparing to respond to the recovery of the real estate market by launching 18 new projects valued at approximately 47.7 billion baht. The company aims to increase the proportion of horizontal project developments and expand its portfolio of low-rise condominiums to cater to a diverse customer base across various locations.

The bond distribution management group further commented that the factors contributing to the strong investor response to the company's bonds include the company's reputation, a solid debt repayment history, strong operational performance, and a well-recognized brand in the condominium market, along with a substantial backlog of sales awaiting revenue recognition that will help secure the company's future income. Additionally, the company received a credit rating of BBB from TRIS Rating, with a stable outlook upgraded last year, while its bonds were rated BBB despite the uncertainties of the COVID-19 situation in 2021. These factors significantly influenced investors' decisions to invest in the company's bonds this time.