SC Asset Corporation Public Company Limited “a leading real estate developer delivering Living Solutions for better mornings” has successfully completed its first bond sale of 2023, offering two series with maturities of 3 years and 4 years, at interest rates of 3.68-4.00% per annum to institutional and major investors. The company expresses gratitude to all investors for their interest in subscribing to the bonds, exceeding the expected target despite the volatility in interest rates. The funds raised from this bond issuance will be used to repay maturing bonds and as working capital for business operations and expansion.

Mr. Atthapol Surasithiphanawat, Chief Corporate Support Officer stated that the company has closed the bond offering for two series: a 3-year bond with a fixed interest rate of 3.68% per annum and a 4-year bond with a fixed interest rate of 4.00% per annum, totaling no more than 2.2 billion baht. The bonds have a credit rating of BBB+ with a “stable” outlook from Tris Rating. The bonds were offered to institutional and major investors, with subscriptions open from January 23 to 25, 2023, and received strong interest from both institutional and major investors, allowing the company to meet its sales target. The company thanks all investors for their continued trust in its bonds and the financial institutions managing the bond distribution, including Kasikorn Bank, CIMB Thai Bank, and Thai Military Bank, which played a crucial role in the successful bond sale. The company plans to use the proceeds from this bond issuance to repay maturing bonds and as capital for business operations, such as purchasing land for project development, aiming to become the number one brand in the hearts of homebuyers.

Mr. Atthapol further stated that “this bond issuance by SC focuses more on major investors, both individuals and legal entities, as in previous issuances, the company primarily sold bonds to institutional investors. This time presents a good opportunity for major investors to participate in the company’s growth. Recently, SC has experienced continuous growth, even amid the COVID-19 pandemic, rising oil prices, inflation, and interest rates. In the first nine months of 2022, the company achieved record highs in both revenue and net profit, with operational revenue of 14.275 billion baht and a net profit of 1.621 billion baht, an increase of about 9% compared to the same period in 2021. In 2022, the company launched a record 27 new projects worth over 45.3 billion baht and consistently achieved strong sales, exceeding its sales target for the year and setting a new record with total sales of 24.468 billion baht, an increase of about 12% from 2021.

Regarding new business ventures, the company has begun operations in the hotel and warehouse leasing sectors. In the hotel business, the company plans to open its first hotel named “Yahn Ratchawat,” a mid-scale hotel, in the first quarter of this year and is developing two more hotels in Sukhumvit and Pattaya. In the warehouse leasing business, the company has signed an MOU to provide warehouse space for Flash Express, totaling 300,000 square meters, with the first warehouse opening in the first quarter of 2024, covering 16,000 square meters in Nakhon Sawan province. The company believes that both new businesses will generate consistent rental income and profits, in addition to its core residential project development business, which plans to launch 24 new projects this year, worth over 37.5 billion baht. This leads the company to expect that in 2023, it will achieve new record sales and revenue growth in all aspects.