"Origin Property" is preparing to offer new bond issues in two series for general and institutional investors with a maturity of 1 year, 7 months, and 16 days at an interest rate of 4.25% per annum and 3 years at an interest rate of 4.85% per annum, with interest paid every 3 months. The bonds will be offered on January 11-12 and 15 through 7 leading financial institutions with a credit rating of "BBB+/Stable" from Tris Rating, aiming to use the proceeds for land purchases to develop new projects and for operational funding in the Year of the Golden Dragon.

Mr. Pirapong Jarunake, Chief Executive Officer of Origin Property Public Company Limited (ORI), a comprehensive real estate developer, stated that the company is preparing to offer its first bond issue of 2024 as a registered bond type, non-subordinated, unsecured, with a bondholder representative for public and/or institutional investors. The bonds being issued consist of two series: one with a maturity of 1 year, 7 months, and 16 days at an interest rate of 4.25% per annum and another with a maturity of 3 years at an interest rate of 4.85% per annum, with interest paid every 3 months throughout the bond's term. The minimum purchase is 100,000 baht and multiples of 100,000 baht. The funds raised from this new bond issue will be used to acquire additional land for new project development, repay maturing bonds, and serve as working capital for the company's expansion in 2024, the Year of the Dragon.

Both bond series will be offered from January 11-12 and 15, 2024, through the 7 financial institutions managing the sale, including Krung Thai Bank Public Company Limited, Kasikorn Bank Public Company Limited, CIMB Thai Bank Public Company Limited, Asia Plus Securities Company Limited, Yuanta Securities (Thailand) Company Limited, CGS-CIMB Securities (Thailand) Company Limited, and Mertion Partners Securities Company Limited, with plans to offer a total amount not exceeding 1.5 billion baht and an additional 500 million baht in reserve bonds to accommodate demand from investors if interest exceeds the company's expectations. Additionally, the bonds have been rated "BBB+" with a "Stable" outlook by Tris Rating as of April 24, 2023, indicating an investment-grade rating.

Mr. Pirapong further stated that in the first 9 months of 2023, the group achieved total presales of approximately 36,937 million baht, a growth of about 26% compared to the same period last year, with condominium sales accounting for approximately 77% and housing project sales about 23%. The group has a backlog of approximately 47,024 million baht as of the end of Q3 2023, which includes projects not under joint ventures (Non-JV) and those under joint ventures (JV) that will gradually be recognized in 2023, amounting to approximately 10,699 million baht. When combined with the transfer of ownership that has already occurred in the first 9 months of 2023, it will result in the group having 88% of its ownership transfer target for 2023, which is set at 30,000 million baht. The company is confident that its performance in 2023 will meet its targets. Therefore, the company believes that the ORI bonds being offered this time represent an attractive investment opportunity and expects a positive response from investors as in previous offerings.

For investors interested in purchasing bonds, the minimum subscription is 100,000 baht and multiples of 100,000 baht through the following 7 financial institutions:

  1. Krung Thai Bank Public Company Limited Tel. 02-111-1111 or subscribe online via the Krungthai Next app.
  2. Kasikorn Bank Public Company Limited Tel. 02-888-8888 press 819 or subscribe online at https://www.kasikornbank.com/kmyinvest (except for foreign nationals and legal entities, subscriptions can be made through the head office and branches) and including Kasikorn Securities Public Company Limited as a sales agent for Kasikorn Bank Public Company Limited.
  3. CIMB Thai Bank Public Company Limited Tel. 02-626-7777 or subscribe through the Mobile application - CIMB Thai Digital Banking.
  4. Asia Plus Securities Company Limited Tel. 02-680-4004.
  5. Yuanta Securities (Thailand) Company Limited Tel. 02-009-8351-56.
  6. CGS-CIMB Securities (Thailand) Company Limited Tel. 02-846-8675.
  7. Mertion Partners Securities Company Limited Tel. 02-6606624.

Warning: Investing involves risks. Investors should study and understand the nature of the product, return conditions, and risks before making investment decisions. Investors can find details in the securities offering information and draft prospectus at www.sec.or.th.

Note: Allocation is at the discretion of the bond distribution manager. The terms of the offering are as specified in the draft prospectus.

For Origin Property Public Company Limited (ORI), the business structure is diverse, including:
1.Residential Development Business - has developed 147 projects (as of Q3 2023), such as Park Origin, So Origin, Origin Plug & Play, Knightsbridge, Notting Hill, Origin Place, The Origin, Kensington, Hampton, Origin Play, Brixton, and Britania, with a total project value exceeding 225,495 million baht.2.Recurring Income Business - such as hotels, serviced apartments, and retail.3.Service Business - such as resident services, property management, real estate brokerage, and real estate consulting.4.Mega Trends - new business groups with long-term growth potential, such as logistics, healthcare, energy, finance, entertainment, etc., to enhance the quality of life for consumers comprehensively.