Origin Property, or ORI, is preparing to offer a new series of bonds to general investors and institutional investors with a maturity of 3 years and interest rates of 4.85% per annum for 3 years, 5.00% per annum for 3 years and 6 months, and 5.15% per annum for 4 years, with interest payments every 3 months. The bonds will be offered from August 6-8 through 12 leading financial institutions, highlighting a credit rating of “BBB+/Stable” from Tris Rating. The company is confident in its strong backlog of 46.57 billion baht, which will gradually recognize revenue until 2028. The company has also opened international markets, achieving over 2.5 billion baht in sales in the first half of the year and closing a big deal selling condos to “Delta” worth over 1 billion baht.

Mr. Pirapong Jarunake, CEO of Origin Property Public Company Limited (ORI), a comprehensive real estate developer, stated that the company is preparing to offer its 3rd bond series of 2024, which are registered bonds, non-subordinated, unsecured, and have a bondholder representative for public offering. The bonds will be issued in three series: the first series with a maturity of 3 years and an interest rate of 4.85% per annum, the second series with a maturity of 3 years and 6 months and an interest rate of 5.00% per annum, and the third series with a maturity of 4 years and an interest rate of 5.15% per annum.

The proceeds will be used to repay existing bonds and short-term debts that are due, as well as for business operations. The offering will take place from August 6-8, 2024, through 11 leading financial institutions acting as bond underwriters. Investors are advised to be cautious of fraudsters impersonating the company to solicit investments with unrealistically high returns, especially through various social media channels such as Facebook and LINE. Investors should consider realistic returns or contact the bond underwriters before making investment decisions. The bonds being issued have a credit rating of “BBB+” with a “stable” outlook from Tris Rating, supported by a backlog of over 46.57 billion baht that will gradually be recognized as revenue until 2028.

Mr. Pirapong further stated that the company has consistently driven its operations forward by focusing on diversifying its investment portfolio, including developing new projects across various segments and locations, and increasing new income streams, such as recurring income businesses like hotels, which currently have 11 projects in operation with a high average occupancy rate, especially in the CBD, exceeding 80%. In terms of residential development, the company has a backlog of sales awaiting transfer of ownership totaling 46.57 billion baht as of the end of Q1 2024.

This backlog is expected to transfer ownership of approximately 15 billion baht this year, while over 31 billion baht will continue to transfer ownership until 2028, ensuring the company has a steady and continuous income stream, enabling it to operate in all economic conditions. Additionally, the company opened international markets in the first half of the year, achieving over 2.5 billion baht in foreign sales, primarily from Russia, Hong Kong, and Taiwan, who are interested in purchasing and investing as second homes, along with closing a big deal selling condos to “Delta” worth over 1 billion baht, with over 80% of the payment received and ownership transfers expected in Q2-3 2024,” Mr. Pirapong said.

The company emphasizes comprehensive adaptability to create competitive advantages and maintain operational performance, such as launching new promotions to make housing projects more accessible to customers, like the “Time to Scoop” campaign, the largest mid-year discount campaign, selecting new investment locations to quickly generate sales, developing platforms to access new customer segments globally, partnering with allies, and penetrating growth markets.

For investors interested in purchasing bonds, the minimum subscription is 100,000 baht and multiples of 100,000 baht through the 11 bond underwriters listed below:

  • Krung Thai Bank Public Company Limited Tel. 02-111-1111 or subscribe online via the Krungthai Next application or through Money Connect by Krungthai (https://moneyconnect.krungthai.com/)
  • KASIKORNBANK Public Company Limited Tel. 02-888-8888 press 869 or subscribe online at https://www.kasikornbank.com/kmyinvest (except for foreign nationals and legal entities, subscriptions can be made through the head office and branches) and including KASIKORN SECURITIES Public Company Limited as a sales agent of KASIKORNBANK Public Company Limited.
  • CIMB Thai Bank Public Company Limited Tel. 02-626-7777 or subscribe via the Mobile application - CIMB Thai Digital Banking.
  • Asia Plus Securities Company Limited Tel. 02-680-4004.
  • CGS-CIMB Securities (Thailand) Co., Ltd. Tel. 02-846-8675.
  • Krung Thai Xspring Securities Co., Ltd. Tel. 02-695-5000.
  • Daewoo Securities (Thailand) Public Company Limited Tel. 02-351-1801.
  • Bluebell Securities Co., Ltd. Tel. 02-249-2999.
  • UOB Kay Hian Securities (Thailand) Public Company Limited Tel. 02-659-5272-73.
  • Globlex Securities Co., Ltd. Tel. 02-687-7543.
  • Pie Securities Public Company Limited Tel. 02-205-7000.

Warning: Investment carries risks. Investors should study and understand the nature of the product, the terms of returns, and the risks before making investment decisions. Investors can find details from the securities offering information and draft prospectus at www.sec.or.th.

Note: Allocation is at the discretion of the bond underwriters. The terms of the offering are as specified in the draft prospectus.

Note: The information statement and draft prospectus are under consideration by the SEC and are not yet enforceable.

Meanwhile, Origin Property Public Company Limited (ORI) has a diverse business structure consisting of:


1. Residential Development Business has developed 158 condominium and housing projects (as of the end of Q1 2024), such as Park Origin, So Origin, Origin Plug & Play, Knightsbridge, Notting Hill, Origin Place, The Origin, Kensington, Hampton, Origin Play, Brixton, and Britania, with a total project value of over 247.795 billion baht.

2. Recurring Income Business includes hotels, serviced apartments, and retail.

3. Service Business includes services for residents, property management, real estate brokerage, and real estate consulting.

and 4. Mega Trends long-term business, a new business group with growth potential in logistics, healthcare, energy, finance, entertainment, etc., aimed at enhancing the quality of life for consumers comprehensively.