Major Development Public Company Limited, a leader in luxury real estate and pet-friendly condominiums (Pet Family Residences), is preparing to offer a new bond issue, the first of 2024, maturing in 2025, with a total term of 1 year and 9 months. The bonds will have a fixed interest rate of 7.00% per annum, with interest payments made every 3 months throughout the bond's duration. A total of 350,000 units will be issued, which are unsecured and non-subordinated, and will be distributed through the following financial institutions:

  • Bluebell Securities Co., Ltd.
  • Krung Thai Xspring Securities Co., Ltd.
  • Globlex Securities Co., Ltd.
  • Maybank Securities (Thailand) Public Company Limited
  • UOB Kay Hian Securities (Thailand) Public Company Limited
  • Mercantile Partners Securities Public Company Limited

The bonds are offered to institutional investors or high-net-worth individuals, with a minimum purchase of 100,000 Baht, in increments of 100,000 Baht. The issuer reserves the right to redeem the bonds before the maturity date starting from January 31, 2025. The funds raised from this bond issuance will be used to repay the bonds of Major Development Public Company Limited, series MJD 242 A, amounting to 344 million Baht, and to support working capital of 156 million Baht. The bonds will be available for subscription from January 26 and January 29-30, 2024, offering attractive returns and a credit rating of BB from TRIS Rating Co., Ltd. as of July 7, 2023. Interested parties can contact Bluebell Securities Co., Ltd. at 0-2249-2999 or via Line: @bluebellfin.

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