Risland (Thailand) is preparing to issue secured bonds with a maximum value of 2 billion baht, with a term of 2 years and a fixed interest rate of 6.50% per annum, paying interest every 3 months throughout the bond's life. The offering price is set at 1,000 baht per unit, available through three leading securities firms. Subscriptions are expected to open from November 14-16, as the company moves forward to strengthen its position to support future business growth.

Mr. Hong Yi Teng, Chief Financial Officer of Risland (Thailand) Co., Ltd. (the Company or RLTH) revealed that the company has submitted a registration statement for the bond offering and a draft prospectus to the Securities and Exchange Commission (SEC) to issue and sell long-term bonds, which are registered in the name of the bondholders, non-subordinated, secured, with a bondholder representative, and the issuer has the right to redeem the bonds before maturity. The bonds will be offered to institutional investors and high-net-worth individuals (PP-II&HNW) for a total amount not exceeding 2 billion baht, currently under consideration by the SEC.

The bonds expected to be offered will have a 2-year term, maturing in 2024, with a fixed interest rate of 6.50% per annum, paying interest every 3 months throughout the bond's life, at a selling price of 1,000 baht per unit, with a minimum subscription of 100,000 baht and increments of 100,000 baht. The project, The Livin Petchkasem (currently under construction), has an estimated value of 3.155 billion baht as collateral. The company has appointed Dao Securities (Thailand) Public Company Limited, UOB Kay Hian Securities (Thailand) Public Company Limited, and Globlex Securities Co., Ltd. as the bond distribution managers, with subscriptions expected to open simultaneously on November 14-16, 2022. The proceeds from this bond offering will be used to repay loans from financial institutions, invest in real estate development projects, and serve as working capital for the company's and/or the group's business operations.

“We are confident that our secured bond offering will receive a positive response from investors, just as it has in the past, because RLTH bonds represent an attractive investment opportunity in debt securities issued by a reputable issuer with large-scale real estate projects under development and management, capable of generating satisfactory returns throughout the holding period,” said Mr. Hong Yi Teng.

Despite the COVID-19 pandemic, the company has continued to grow with total revenue of 654.73 million baht and a net profit of 218.30 million baht in 2021, demonstrating the company's ability to maintain revenue and profit. Additionally, the company has fully repaid the principal of long-term loans from financial institutions amounting to 1.2 billion baht and redeemed bonds from the first series of 2019 and the first series of 2021, totaling 1.5 billion baht and 575 million baht, which matured on July 24, 2022, and October 1, 2022, respectively, allowing the company to continue expanding its business.

As for Risland (Thailand) Co., Ltd. or RLTH, it is a large international real estate development company headquartered in Hong Kong, engaged in various business types, including residential project development, commercial projects, property management, and infrastructure development and management. Risland is committed to developing housing and environments under the concept of sustainable development to improve living standards and quality of life for Thai society. Currently, there are 7 real estate projects under development with a total accumulated value of 40 billion baht, including one single-house project, Lake Serene Rama 2, and six condominium projects: Artisan Ratchada, Cloud Thonglor-Phetchaburi, Cloud Sukhumvit 23, Skyrise Avenue Sukhumvit 64, The Livin Petchkasem, and The Livin Ramkhamhaeng.