DTGO Prosperous Limited (DTP), a subsidiary of MQDC (Magnolia Quality Development Corporation), has announced a bond fundraising totaling 5 billion baht, consisting of 4 billion baht in bonds and a green shoe option of 1 billion baht. This initiative aims to capitalize on the recovering global tourism sector and businesses related to new innovations.

The bond fundraising offers two investment options: a 2-year investment with a fixed interest rate of 6.9% per annum, and a 3-year investment with a fixed interest rate of 7.2% per annum. Both options are guaranteed in full by DTGO Corporation to enhance investor confidence. The investment opportunity will be available to institutional and major investors from May 8 to May 11, 2023.

The funds raised will be utilized for investments in real estate projects, funding potential projects, providing loans to subsidiaries, repaying company debts, and for working capital as needed.

DTP is an international investment expert in the Brown Field business and has previously invested in various real estate ventures, including 17 hotels across the UK and the U Khao Yai hotel in Nakhon Ratchasima province. In 2022, the 17 hotels in the UK reported an average occupancy rate recovering to 73.7%, with an average room rate increase of 10.9% compared to 2019. The average occupancy rate of the U Khao Yai hotel also recovered to 81.9%.

The distribution managers for this bond fundraising include Yuanta Securities (Thailand), DAOL Securities (Thailand) Public Company Limited, UOB Kay Hian Securities (Thailand) Public Company Limited, and Maybank Securities (Thailand) Public Company Limited.