A5 has filed with the SEC to propose the sale of bonds “AFIVE” for the first time in 2023 maturing in 2025, registered to the bondholders, non-subordinated, unsecured, with a bondholder representative, and the issuer has the right to redeem the bonds before maturity. The bonds will have a 2-year term with an interest rate of 7%, paid quarterly, with a total bond value not exceeding 250 million baht, offered to institutional investors and/or large investors to fund land purchases and project development, driving continuous growth in performance. The offering is expected to take place from October 31 to November 2.

Mr. Supachok Panjathas, CEO of Asset Five Group Public Company Limited (A5) stated that the company has submitted a filing to the Securities and Exchange Commission (SEC) to issue and offer bonds “AFIVE” for the first time in 2023, maturing in 2025, registered to the bondholders, non-subordinated, unsecured, with a bondholder representative, and the issuer has the right to redeem the bonds before maturity. The bonds will have a 2-year term with an interest rate of 7% per annum, with interest paid every 3 months throughout the bond's life, with a total bond value not exceeding 200 million baht, and an additional reserve bond value not exceeding 50 million baht, totaling no more than 250 million baht, to be distributed to institutional investors and large investors.

The purpose of this bond issuance and offering is to raise funds to purchase land and develop projects worth approximately 200 million baht, while the remainder will be used as working capital for the company.

The bonds “AFIVE” will be offered between October 31 and November 1-2, 2023, with a minimum subscription of 100,000 baht and multiples of 100,000 baht. Phai Securities Public Company Limited is the bond distribution manager and bondholder representative, while CIMB Thai Bank Public Company Limited is the bond registrar.

“The company is confident that this bond offering will receive a positive response from investors, as the funds raised will be used appropriately for the intended purposes, and will also enable further investment expansion to drive continuous growth in performance, providing good returns to shareholders in the long term.

As for the key financial ratios at the end of Q2 2023, the company has a liquidity ratio of 5.75 times, an interest coverage ratio of 20.74, and a debt service coverage ratio of 115.17 times, reflecting strong financial liquidity and high repayment capability,” Mr. Supachok concluded.