Britania, or BRI, is launching a new bond offering consisting of two series: a 2-year bond with an interest rate of 4.00% and a 3-year bond with an interest rate of 4.70% per annum. Interest will be paid every three months. The bonds will be available for purchase on May 18-19 and May 22, through four financial institutions. The bonds and the company have received a credit rating of 'BBB/Stable' from Tris Rating. The distribution management group has expressed confidence in the company's continuous growth and proven potential projects, anticipating a positive response from investors.

Mr. Surin Sahachartphokanant, CEO of Britania Public Company Limited (BRI), a leader in real estate development committed to sustainable housing for a better society, stated that Britania is ready to offer registered bonds that are non-subordinated and unsecured, with a bondholder representative, available for institutional and public investors. This bond issuance is divided into two series: the first series has a 2-year maturity, maturing in 2025, with a fixed interest rate of 4.00% per annum, and the second series has a 3-year maturity, maturing in 2026, with a fixed interest rate of 4.70% per annum. Interest will be paid every three months throughout the bond's duration. The offering price is 1,000 Baht per unit, with a minimum subscription of 100,000 Baht and increments of 100,000 Baht. Both the company and its bonds have been rated 'BBB' with a 'Stable' outlook as of April 24, 2023, by Tris Rating. The bonds will be offered between May 18-19 and May 22, 2023, and will be issued on May 23, 2023. The funds raised will be used for working capital, purchasing land for new project development to strengthen the company, and repaying existing loans. In the first quarter of 2023, the group achieved a presale of 2,545 million Baht and transferred ownership totaling over 1,394 million Baht (including property transfers of the group and joint venture projects), with total revenue of 1,477 million Baht and a net profit of 329 million Baht.

The bond offering manager further stated, 'Britania Public Company Limited (BRI) is a developer of horizontal homes under the ORIGIN group, covering all consumer segments with four main brands:
1. Belgravia - Luxury single houses
2. Grand Britania - High-end single and twin houses
3. Britania - Mid-end single, twin houses, and townhomes
4. Brighton - Entry-level twin houses and townhomes.'

As of the end of 2022, BRI has developed a total of 30 projects with a cumulative project value of 36,449 million Baht. In 2023, the company plans to launch 20 new projects with a total project value of over 22,500 million Baht, leading the bond distribution management group to believe that the bond offerings from BRI will receive a favorable response from investors seeking stable issuers with tangible projects proven by sales figures and new project launches that have achieved all-time high growth every year, instilling confidence in investors.

Interested 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

Britania Public Company Limited (BRI) is a developer of housing under the concept 'CRAFT a life you love,' focusing on creating homes that people love. The company develops single houses, new series houses, and townhomes, covering all consumer segments under four main brands: 1. Belgravia - Luxury single houses priced between 20-50 million Baht 2. Grand Britania - High-end single and twin houses priced between 8-20 million Baht 3. Britania - Mid-end single, twin houses, and townhomes priced between 4-8 million Baht 4. Brighton - Entry-level twin houses and townhomes priced between 2.5-4 million Baht. As of the end of the first quarter of 2023, the company has developed a total of 31 projects with a cumulative project value of 37,649 million Baht.