MJD Major Development's Bonds Fully Subscribed by Investors, Raising 1.3 Billion Baht

Ms. Phetlada Phunworalak, CEO of Major Development Public Company Limited, a leader in luxury real estate development and pet-friendly condominiums, stated, “We are very pleased to receive an excellent response from institutional and major investors for our third high-risk secured bond offering for the year 2024, with a fixed interest rate of 7.40% per annum. All bonds offered were fully subscribed during the offering period.”

The bonds were available for sale from September 26-27 and 30, 2024. Due to high demand from investors, some were unable to subscribe for the bonds as desired, resulting in a current Wait List.”

“Major Development would like to thank institutional and major investors for their trust and confidence in our vision for the company’s operations regarding the third high-risk bond offering for 2024. We will continue to plan and develop projects and are preparing to launch new projects in 2025. Additionally, we are committed to strengthening our real estate business and exploring new business ventures to ensure sustainable growth for the organization. The funds raised from this bond offering will be utilized as stated in our financial objectives,” Ms. Phetlada concluded.