Singha Estate has announced the interest rates for its new bond series, consisting of two sets of bonds: a 2-year bond with an interest rate of 4.50% per annum and a 3-year bond with an interest rate of 5.00% per annum. These bonds will be offered to the general public from January 7-9, 2025, through four leading financial institutions.

Singha Estate Public Company Limited, or 'S', a company engaged in international real estate development and investment, has set the interest rates for its unsecured, non-subordinated bonds. The first set, a 2-year bond, offers an interest rate of 4.50% per annum, while the second set, a 3-year bond, offers an interest rate of 5.00% per annum. Interest payments will be made every three months. Singha Estate will offer these bonds to the public from January 7-9, 2025, through four leading financial institutions: Krung Thai Bank, Kasikorn Bank, Kiatnakin Phatra Securities, and CIMB Thai Bank.

The bonds have been rated 'BBB' by Tris Rating Co., Ltd. as of November 21, 2024, indicating an 'Investment Grade' status. The company's corporate credit rating stands at 'BBB+' with a 'Negative' outlook. Tris Rating noted that this credit rating reflects the strong quality of the company's hotel assets, as well as its well-recognized residential brands and stable income from its commercial real estate business.

Singha Estate operates in various sectors, including hotel business managed by 'S Hotel and Resort' (SHR), a subsidiary of the company. Currently, SHR owns a total of 36 hotels with 4,290 rooms located in key tourist destinations across 3 regions in 5 countries. The company also focuses on residential real estate development, including high-rise and low-rise projects such as single-family homes, condominiums, and home offices, particularly in the luxury segment, which is less sensitive to market fluctuations. Additionally, the company is involved in commercial real estate, including office leasing and retail spaces, which have high growth potential and provide good returns on investment, as well as industrial estates and infrastructure, which also show continuous positive trends.

Ms. Thitima Rungkwansiri, CEO of Singha Estate Public Company Limited, stated that the company is confident that the bonds being offered will receive a positive response from investors, similar to previous bond offerings. The 'Singha Estate' brand has strong growth potential in both residential and commercial real estate markets, as well as in the hotel business, both domestically and internationally. This is evident from the company's operational performance over the past nine months, which has continued to grow according to plan, despite high competition in the real estate market.

Furthermore, the company is confident that its business plans and expansion strategies, along with its strength as a leading real estate operator with a solid business structure, financial position, and governance practices, will ensure that the bonds will be well-received by investors, given their appropriate maturity and attractive returns.

Financial institutions managing the bond distribution are confident that the 'Singha Estate' bonds will be well-received by investors, as the brand is recognized in both domestic and international markets. Additionally, the bonds offer attractive returns with interest rates of 4.50% and 5.00% per annum, under an 'Investment Grade' credit rating.

The Singha Estate bonds will be available for purchase by investors from January 7-9, 2025, through four leading financial institutions nationwide:

  • Krung Thai Bank, Tel. 02-111-1111, where individuals can subscribe online via Money Connect by Krungthai on the Krungthai NEXT application.
  • Kasikorn Bank (individuals can subscribe online at https://www.kasikornbank.com/kmyinvest, except for foreign nationals and legal entities, who can subscribe through the head office and branches), Tel. 02-888-8888, press 869.
  • Kiatnakin Phatra Securities, including Kiatnakin Phatra Bank as a sales agent, Tel. 02-165-5555, with online subscription available through the DIME! application.
  • CIMB Thai Bank, Tel. 02-626-7777, where individuals can subscribe online via the CIMB Thai application.

Warning: Investing involves risks. Investors should study and understand the nature of the product, return conditions, and risks before making investment decisions. Additional details can be found in the draft prospectus at www.sec.or.th.

Note: Allocation is at the discretion of the bond distribution manager. Distribution conditions are as specified in the draft prospectus.