L.P.N. Development Public Company Limited ("the Company" or "LPN") is preparing to issue and offer a new series of bonds, consisting of two series: the first series with a maturity of 2 years and a fixed interest rate of 5.10% per year, and the second series with a maturity of 3 years and a fixed interest rate of 5.40% per year, with interest paid every 3 months. The offering is expected to take place from January 23 to 25 through seven leading financial institutions including Bangkok Bank, Krung Thai Bank, Asia Plus Securities, Yuanta Securities (Thailand), Maybank Securities (Thailand), Finansa Securities, and CGS-CIMB Securities (Thailand).

Mr. Opas Sripak, Chief Executive Officer and Managing Director of L.P.N. Development Public Company Limited (LPN), stated that LPN has been a quality residential developer for over 35 years, committed to enhancing the quality of life. The company is offering two series of bonds, which are non-subordinated and unsecured, with a representative for bondholders for general investors and/or institutional investors. The first series has a maturity of 2 years with a fixed interest rate of 5.10% per year, and the second series has a maturity of 3 years with a fixed interest rate of 5.40% per year. Both series will pay interest every 3 months throughout the bond's duration, with a minimum subscription value of 100,000 baht and increments of 100,000 baht. The offering is expected to take place from January 23 to 25, 2024, with the proceeds intended for repaying existing bonds and/or for working capital within 2024. The bonds have been rated "BBB" by TRIS Rating on November 27, 2023, with a "negative" outlook, which is within the investment grade category.

In the first nine months of 2023, the company launched projects worth over 10 billion baht, including premium single-house and townhouse projects such as the Residence 168 Ratchaphruek, Maison 168 Muang Thong, and affordable single-house and townhouse projects like Venu 24 Kukot Station and House 24 Westgate, among others. The company has also been recognized for its quality condominiums over the past 35 years, including Park 168 Nopparat Ramindra and the newly launched project Earn by LPN in Amata Industrial Estate, Chonburi. In terms of performance, the company achieved sales of over 8 billion baht, resulting in total revenue of 5,562 million baht and a net profit of 336 million baht in the past nine months, primarily from sales of completed projects and the ongoing delivery of new residential projects, along with a backlog of over 2.8 billion baht to be recognized in future revenues.

“The company believes that this bond issuance will attract investor interest, as bond fundraising is not frequent each year, presenting an investment opportunity and an attractive option for investors seeking fixed returns at a reasonable rate from an organization with an investment-grade credit rating,”

Members of the public interested in investing in LPN bonds can find more details at www.sec.or.th and can inquire further from the bond distribution managers at the seven institutions starting today as follows:

  • Bangkok Bank Public Company Limited (except micro branches) Tel. 1333 or subscribe through the Bualuang mBanking application for individual investors.
  • Krung Thai Bank Public Company Limited Tel. 02-111-1111 or subscribe through the Krungthai NEXT application for individual investors.
  • Asia Plus Securities Co., Ltd. Tel. 02-680-4004
  • Yuanta Securities (Thailand) Co., Ltd. Tel. 02-009-8351-56
  • Maybank Securities (Thailand) Public Company Limited Tel. 02-658-5050
  • Finansa Securities Public Company Limited Tel. 02-625-2422
  • CGS-CIMB Securities (Thailand) Co., Ltd. Tel. 02-846-8675