Britania or BRI is set to open its first bond sale consisting of two series with maturities of 2 years and 3 years, offered to institutional and/or retail investors through four appointed financial institutions as underwriters. These include Kasikorn Bank Public Company Limited, Krung Thai Bank Public Company Limited, CIMB Thai Bank Public Company Limited, and Yuanta Securities (Thailand) Company Limited. The aim is to strengthen the company's capital to support business expansion and provide working capital. The sale is expected to take place in November.

Ms. Suphalak Janpitak, CEO of Britania Public Company Limited (BRI) announced that the company is preparing to offer bonds for the first time to institutional and/or retail investors, known as a Public Offering, consisting of two series: Series 1 with a 2-year maturity maturing in 2024 at a fixed interest rate of 4.00% per annum, and Series 2 with a 3-year maturity maturing in 2025 at a fixed interest rate of 4.70% per annum. The bonds will be registered in the name of the holder, non-subordinated, unsecured, and will have a bondholder representative, with interest paid at a fixed rate every three months throughout the bond's term. The offering price is set at 1,000 Baht per unit, with a minimum subscription of 100,000 Baht and multiples of 100,000 Baht. The sale is expected to occur between November 17-18 and 21, 2022.

Both the company and its bonds have received a credit rating of "BBB" with a "Stable" outlook from TRIS Rating Company on September 16, 2022, which is considered an Investment Grade, reflecting the company's reliability and strong growth potential. The purpose of this bond offering is to strengthen the company's capital, with plans to use the funds for business expansion, land acquisition for new project development, working capital, and repayment of loans to the parent company.

 “The company has strengths in the expertise of developing horizontal residential projects in Thailand and is the flagship company in this sector under Origin Property Public Company Limited (ORI), a major comprehensive real estate developer in the country. This bond issuance and offering marks the first time for the company, and we aim to utilize the funds raised effectively,” said Ms. Suphalak.

Britania Public Company Limited operates in the development of horizontal residential properties in Thailand under four main brands: Brighton, Britania, Grand Britania, and Belgravia. This year's business operations are guided by the Growth Together strategic plan, focusing on mutual growth across all sectors and emphasizing project development in Bangkok, its suburbs, and other provinces, targeting areas with economic growth and industrial estate expansion to meet housing demand and the overall recovery of the real estate business.

In terms of recent performance, the company reported total revenue of 3,135 million Baht in the first six months of this year, an increase of 78% compared to the same period last year, with a net profit of 729 million Baht, up 153% from the previous year. The total sales (pre-sales) in the first nine months amounted to 7,840 million Baht, a 23% increase compared to the same period last year, accounting for 71% of the 11,000 million Baht sales target set for this year.

Currently, the company is in the process of filing a registration statement and draft prospectus, which are not yet effective as they are under consideration by the SEC. Investors can find more details at www.sec.or.th or contact the bond distribution managers as follows:

  • Kasikorn Bank Public Company Limited (individuals can subscribe online at www.kasikornbank.com/kmyinvest, except for foreign nationals and legal entities, who can subscribe through the head office and branches) Tel. 02-888-8888, press 819
  • Krung Thai Bank Public Company Limited Tel. 02-111-1111 or subscribe online via the Krungthai Next application or through Money Connect by Krungthai (https://moneyconnect.krungthai.com/)
  • CIMB Thai Bank Public Company Limited (individuals can also subscribe online via the Mobile Application - CIMB Thai Digital Banking) Tel. 02-626-7777
  • Yuanta Securities (Thailand) Company Limited Tel. 02-009-8351-56