APM has submitted a filing for RT to the SEC, preparing to offer bonds that are non-subordinated, unsecured, and have a bondholder representative. There will be two series of bonds: Series 1 with an interest rate of 5.25% and a maturity of 3 years and 6 months, and Series 2 with an interest rate of 5.75% and a maturity of 5 years. These bonds will be offered to institutional investors and/or large investors, with a total value not exceeding 1 billion baht. The funds raised will be used for investments in new projects, working capital for construction projects, and to repay loans to financial institutions. The subscription period is expected to be from August 8-10, 2022, with the sale anticipated on August 11, 2022.

Mr. Chawalit Tanomthin, CEO of Right Tunneling Public Company Limited (RT), stated that the company focuses on cost management and construction operations amidst the crisis to maximize efficiency. The company is actively pursuing both public and private construction projects to continuously increase its workload, aiming for a backlog of 8.5 billion baht by the end of 2022.

Dr. Sompop Sakdapanom, Chairman of Asset Pro Management Co., Ltd. (APM), as a financial advisor, mentioned that the company is prepared with financial tools to support RT's expansion. Previously, APM issued warrants (RT-W1) to existing shareholders at a ratio of 5:1, with a validity of 2 years at an exercise price of 1.35 baht per share, starting trading on June 14, 2022. The company continues to focus on effectively utilizing financial instruments in the capital market to support RT's ongoing business growth.

Additionally, Tris Rating Co., Ltd. has assigned a credit rating of 'BBB-' with a 'Stable' outlook to RT, reflecting the company's strengths in specialized construction contracting that requires expertise and experience, along with strong competitive capabilities and a track record of trusted tunnel and underground structure projects from both public and private sectors.

Mr. Somsak Sirichainarumit, CEO of APM, stated that the company has submitted a draft registration statement to the SEC for the long-term bond offering, which is non-subordinated, unsecured, and has a bondholder representative. The issuer has the right to redeem the bonds before maturity. There are two series of bonds: Series 1, which is unsecured, has a maturity of 3 years and 6 months with a fixed interest rate of 5.25% per annum, paying interest every 3 months throughout the bond's life.

Series 2, also unsecured, has a maturity of 5 years with a fixed interest rate of 5.75% per annum, also paying interest every 3 months. The total value of both bond series will not exceed 1 billion baht.

Mr. Suriyatham Thamthira, Deputy Managing Director of APM, mentioned that the company submitted the draft registration statement to the SEC on June 24, 2022, and is currently awaiting approval. The subscription date is expected between August 8-10, 2022, with the bond issuance and sale anticipated on August 11, 2022.

The purpose of this bond sale is to raise funds for investments in new construction projects that the company is continuously bidding for, as well as to provide working capital for operations and construction projects to enhance the company's liquidity and support its growth, along with repaying loans to financial institutions.

Meanwhile, Mr. Natthapong Na Ranong, CEO of KTBST Securities Public Company Limited, as the underwriter and distributor of the bonds, stated that this bond offering is aimed at institutional and/or high net worth investors (II&HNW). The bond distribution will involve several underwriters, including Asia Plus Securities, CGS-CIMB Securities (Thailand), Yuanta Securities (Thailand), Phillip Securities (Thailand) Public Company Limited, and Nomura Pattanasin Securities Public Company Limited. The bond registrar is Krungsri Bank Public Company Limited, and the bondholder representative is KTBST Securities Public Company Limited.