SC Asset Corporation Public Company Limited ("SC") is preparing to offer a new 3-year bond issue to institutional investors and/or high-net-worth individuals (PP-II/HNW). The offering is expected to take place between July 1 and July 4-5, 2022, with the company holding a credit rating of "BBB+" and a "Stable" outlook from TRIS Rating as of October 25, 2021, indicating an investment-grade status. The company is confident of receiving positive responses from investors looking to invest in bonds issued by a company with consistent growth and satisfactory returns.

Mr. Attaphol Srisathiphanawat, Chief Corporate Support Officer revealed that the company has submitted a report on the bond offering and a draft prospectus to the Securities and Exchange Commission (SEC) to issue and offer a 3-year bond, specifically named, non-subordinated, unsecured, and with a bondholder representative, to institutional investors and/or high-net-worth individuals. The fixed interest rate and credit rating of the bonds will be announced again in June. The funds raised from this bond offering will be used for working capital and to support the company's business operations and expansion.

“This bond issuance by SC will primarily target individual and corporate high-net-worth investors, as previous bond issues were mostly sold to institutional investors, causing many individual and corporate high-net-worth investors to miss investment opportunities. This is a great opportunity for high-net-worth investors to participate in the company's growth. We are confident that SC's bonds will be well-received by investors. Recently, SC's business has shown continuous growth, even during the COVID-19 pandemic. In 2021, the company achieved record highs in revenue, sales, and net profit, with revenue exceeding 19.553 billion baht, sales over 21.804 billion baht, and net profit exceeding 2.062 billion baht. Additionally, the company's strength is reflected in its "BBB+" credit rating from TRIS Rating, demonstrating its strong market position in the mid to high-end residential market, with prices starting from over 10 million baht.

 

For the business plan in 2022, the company aims for sales and revenue targets of 22 billion baht, with plans to launch a record 27 new projects valued at approximately 41.2 billion baht. This includes 25 landed property projects valued at about 34.7 billion baht, of which over 70% are single-detached houses priced above 10 million baht, where SC is already a market leader, and 2 condominium projects valued at 6.5 billion baht located near two BTS stations: Wongwian Yai and Thonglor. All land for these projects is already secured, and the company aims to be the "number one choice for single-detached houses in everyone's heart."

In the first quarter of 2022, the company reported sales of 5.285 billion baht, revenue from sales of 3.609 billion baht, total revenue of 3.854 billion baht, and a net profit of 388 million baht, having launched 2 new projects valued at approximately 1.515 billion baht: the PEF - Phetkasem Line 4 project and the V Compound Bangna-Srinakarin project, successfully closing sales on 10 projects.

In the second quarter of 2022, the company plans to launch a total of 10 projects valued at approximately 17.2 billion baht, consisting of 9 landed property projects and 1 condominium project. As of May 31, 2022, 5 projects have been launched as planned, generating total sales of over 1.2 billion baht, with another 5 projects set to launch in June. The company has accumulated sales of over 9.3 billion baht in the first five months.

For interested investors, further details can be obtained from the bond distribution managers:

  •   Kasikornbank Public Company Limited (individuals can subscribe online at https://www.kasikornbank.com/kmyinvest, except for foreign nationals and legal entities, who can subscribe at the head office and branches) Tel. 02-888-8888 press 819
  •   CIMB Thai Bank Public Company Limited (individuals can also subscribe online through the Mobile Application - CIMB Thai Digital Banking) Tel. 02-626-7777
  •   TMBThanachart Bank Public Company Limited at all branches or call 1428 press #4

 

Note:           The company is in the process of submitting a report and draft prospectus to the SEC, which is not yet effective.

               Allocation is at the discretion of the bond distribution manager, and the terms of distribution are as specified in the draft prospectus.

Warning:     Please understand the nature of the product, terms, returns, and risks before making an investment decision. Investing carries risks, and investors should study the information in the draft prospectus before making an investment decision. Investors can find details from the report and draft prospectus as outlined below.