LPD Development Public Company Limited (“the Company” or “LPN”) announced that its bonds offered for sale from January 23 to 25, 2024, received strong interest from investors, prompting the company to fully utilize additional bonds for sale, totaling 1.5 billion baht. The positive response is attributed to investors' confidence in the company, a quality residential developer with over 35 years of experience in enhancing living standards across all dimensions, and a solid track record of never defaulting on debt obligations.

LPN issued non-subordinated, unsecured bonds with a total offering value of 1.5 billion baht, consisting of 2-year bonds with an interest rate of 5.10% per annum valued at 682.40 million baht, and 3-year bonds with an interest rate of 5.40% per annum valued at 817.60 million baht. Both bond series pay interest quarterly throughout their duration and are available for both retail and institutional investors. The bonds received a credit rating of “BBB” from TRIS Rating Company on November 27, 2023, the same as the corporate credit rating, with a “negative” outlook, placing them in the investment grade category. Investors can subscribe to the bonds through various channels, including branch locations and online platforms of the bond underwriters.

The company expresses gratitude to all investors for their trust in investing in its bonds this time and thanks the seven financial institutions that acted as underwriters: Bangkok Bank, Krung Thai Bank, Asia Plus Securities, Yuanta Securities (Thailand), Maybank Securities (Thailand), Finansa Securities, and CGS-CIMB Securities (Thailand) for their support in making this bond issuance and sale successful. The funds raised from this bond offering will be used to repay maturing bonds due in May 2024.