Prospect Development (PD)<\/strong> under the umbrella of Munkong Housing Public Company Limited, a developer and manager of warehouses and rental factories, <\/span>Bangkok Free Trade Zone (BFTZ)<\/strong><\/span> is preparing to issue and offer bonds with a specified holder, non-subordinated, unsecured, and with a bondholder representative for the first tranche of 2024 <\/strong>to institutional investors and/or large investors from March 26-28, 2024. The bonds will mature in 2026, with a duration of 2 years <\/span>and a fixed interest rate of 6.90% per annum, payable every 3 months throughout the bond's term.<\/strong> The par value is 1,000 THB per unit, with a selling price of 1,000 THB per unit, aimed at raising working capital for business operations as per the business plan. The bond issuance is currently under review by the Securities and Exchange Commission.<\/span><\/p>

Ms. Ratchanee Mahatdechkul, Managing Director of Prospect Development Co., Ltd.<\/strong><\/span> stated, “The warehouse and rental factory market continues to show strong growth potential, supported by foreign investors and the gradual recovery of domestic consumption, especially in strategically important industrial and logistics areas in Thailand. Last year, the company expanded the Bangkok Free Trade Zone on Bangna-Trad Road, Km. 10, which is currently fully leased at 100%. This bond offering aims to raise funds for further project development, strengthening the company that primarily earns income from leasing, asset management, and selling assets into the PROSPECT REIT trust, while continuously enhancing our long-term performance.” <\/span><\/p>

Additionally, the company is in the process of reviewing its credit rating. Last year, Tris Rating Co., Ltd. rated the organization at “BB+” with a “Stable” outlook on April 12, 2023. Prospect Development is a key flagship of Munkong Housing Public Company Limited, generating consistent recurring income from rentals, with an average occupancy rate across all projects exceeding 90%, driving stable financial performance for the group as a whole.<\/span><\/p>

Investors interested in subscribing to the bonds can find more details at <\/span>www.sec.or.th<\/span><\/a> <\/span><\/strong>or contact the financial institutions managing the bond distribution this time, including Bluebell Securities Co., Ltd. and Dao Securities (Thailand) Public Co., Ltd.<\/span><\/p>