Britania, or BRI, is preparing to offer two new bond series to general and institutional investors, with a 2-year bond at an interest rate of 5.00% per annum and a 3-year bond at an interest rate of 5.25% per annum. Interest will be paid every 3 months, with sales taking place from July 9-11 through five leading financial institutions, rated “BBB/Stable” by Tris Rating. The funds will be used to repay debts, support business operations, and serve as working capital, focusing on sustainable business practices and targeting locations with stronger purchasing power than the market average.

Mr. Theeradech Kerdsamang, CEO of Britania Public Company Limited (BRI), a leader in real estate development committed to creating sustainable housing for a better society, announced that the company is preparing to offer its first bond issuance of 2024, which will be a registered bond type, non-subordinated, unsecured, and with a bondholder representative, available to institutional and general investors (Public Offering). The bonds will be issued in two series: the first series with a 2-year term at an interest rate of 5.00% per annum and the second series with a 3-year term at an interest rate of 5.25% per annum, with interest paid every 3 months throughout the bond's term. The offering price is 1,000 baht per unit, with a minimum purchase of 100,000 baht and increments of 100,000 baht.

Recently, on April 23, 2024, Tris Rating assigned a credit rating of “BBB” with a “stable” outlook, which is an Investment Grade level. The two bond series will be offered between July 9-11, 2024, through five financial institutions acting as bond distribution managers, to be used for repaying maturing bonds, for business operations, and as working capital.

Mr. Theeradech further stated that for the company's performance in the first quarter of 2024, the company reported revenue of 1,269 million baht and a net profit of 296 million baht, maintaining a gross profit margin of 30% through various strategic initiatives, such as improving cost and expense management efficiency and focusing on customers with strong financial health.

For the second half of 2024, the company will continue to adapt to the current economic and market conditions, emphasizing a balance between opportunities and risks to ensure sustainable and efficient business operations. Plans include launching luxury housing projects in areas with purchasing power stronger than the market average and targeting real demand customers, such as in the western part of Bangkok.

The company believes that the BRI bonds being offered this time represent an attractive investment opportunity for investors seeking stable long-term investments with tangible results, and expects a positive response from investors as in previous offerings.

For interested investors, the minimum purchase for the bonds is 100,000 baht, with increments of 100,000 baht, available through the five bond distribution managers listed below:

  • Kasikornbank Public Company Limited Call 02-888-8888 ext. 869 or purchase online at http://www.kasikornbank.com/kmyinvest (except for foreign nationals and legal entities, who can purchase through the head office and branches) and including Kasikorn Securities Public Company Limited as a sales agent of Kasikornbank Public Company Limited.
  • Krung Thai Bank Public Company Limited Call 02-111-1111 or purchase online via the Krungthai Next application or through Money Connect by Krungthai (https://moneyconnect.krungthai.com/).
  • CIMB Thai Bank Public Company Limited Call 02-626-7777 or purchase online via the Mobile Application – CIMB THAI.
  • Yuanta Securities (Thailand) Company Limited Call 02-009-8351-56.
  • Asia Plus Securities Company Limited Call 02-680-4004.