Sivaram Real Estate Public Company Limited ("SVR") is expected to issue and offer bonds worth up to 600 million baht, divided into two series: Series 1 with a term of 1 year and 9 months at a fixed interest rate of 7% per annum, and Series 2 with a term of 2 years and 6 months at a fixed interest rate of 7.35% per annum, with interest payments every 3 months. The offering is aimed at institutional investors with a minimum investment of 100,000 baht, scheduled for sale from June 26 to 28, through five brokers: Globlex Securities, Dao Securities, Pie Securities, Beyond Securities, and Phillip Securities. The funds raised will be used for land acquisition and property development totaling 440 million baht and to repay loans amounting to 160 million baht.

Mr. Ronarit Thitisuriyarak, Executive Director and Senior Chief Financial Officer of Sivaram Real Estate Public Company Limited ("SVR"), a leader in the development of horizontal residential real estate, aligns with the quick turnover project development concept—fast construction, quick sales, and prompt delivery—under the "Best Smart Living" philosophy. He revealed that the company is preparing to offer long-term, unsubordinated, unsecured bonds with a bondholder representative, and the issuer has the right to redeem the bonds before maturity. The bonds of Sivaram Real Estate Public Company Limited, Series 1/2023, will not exceed 600 million baht, with Series 1 not exceeding 300 million baht for 1 year and 9 months at a fixed interest rate of 7% per annum, and Series 2 not exceeding 300 million baht for 2 years and 6 months at a fixed interest rate of 7.35% per annum, with interest payments every 3 months, maturing on December 29, 2025. The issuer can redeem the bonds before maturity starting from June 29, 2024.

The company plans to offer these bonds to institutional investors with a minimum purchase of 100,000 baht and increments of 100,000 baht during the sale period from June 26 to 28, 2023, through five securities firms: Globlex Securities, Dao Securities (Thailand) Public Company Limited, Pie Securities Public Company Limited, Beyond Securities Public Company Limited, and Phillip Securities (Thailand) Public Company Limited.

The purpose of this bond offering is to raise funds for land acquisition and property development totaling 440 million baht and to repay loans amounting to 160 million baht. It also aligns with the strategic plan to expand new projects closer to the CBD areas around Bangkok, including plans to launch three new projects in the second half of the year, with a total project value of 1,621 million baht. These include 1. Sivaram Village (Bang Kruai-Sai Noi) valued at 691 million baht, 2. Sivaram Park (Soi Pracha Uthit 76) single-detached house project valued at 528 million baht, and 3. Sivaram Hide (Kanchanaphisek Ring Road) single-detached house project valued at 401 million baht. The company plans to diversify its product portfolio by expanding its customer base to high-end residents through premium projects to significantly enhance revenue and profit, reinforcing its growth potential towards high growth in the future as targeted.

"The bond offering by SVR aims to raise funds for future project expansions, reaffirming its leadership in quick turnover project development, with a keen market perspective and readiness to adapt to all situations, reflected in the performance figures over the past two years, which have shown remarkable growth. In 2021, total revenue was 564 million baht with a net profit of 63 million baht; in 2022, total revenue was 725 million baht with a net profit of 58 million baht, while gross profit stood at 227.47 million baht, with a gross profit margin from project development for sale increasing to 33.96% (up from 30.39% in 2021). In the latest Q1 of 2023, total revenue was 215 million baht with a net profit of 24 million baht. The historical performance indicates a continuous new high for SVR, proving its ability to meet the premium economy housing needs of the real demand segment.

Warning: Investing involves risks. Investors should study the information in the prospectus before making investment decisions. The company is in the process of filing information with the SEC and it is not yet effective.

Additional Information: For investors seeking more information about SVR's bond offering, details can be followed at www.sec.or.th and can contact the bond distribution managers at the following five securities companies: 1. Globlex Securities 02-687-7543, 2. Dao Securities (Thailand) Public Company Limited 02-351-1801, 3. Pie Securities Public Company Limited 02-205-7000, 4. Beyond Securities Public Company Limited 02-080-0100, and 5. Phillip Securities (Thailand) Public Company Limited 02-153-9290 ext. 8163.