Origin Property is preparing to sell a new batch of bonds in 2 series with interest rates of 4.85 to 5.15% per annum, paying interest every 3 months. The sale will take place from April 1-3, 2025 through 9 financial institutions. The company has received a credit rating of “BBB+ Stable” from Tris Rating, with a backlog of 44,562 million baht to support continuous revenue recognition for the next 4 years.

Mr. Pirapong Jaroonaek, CEO of Origin Property Public Company Limited (ORI), a comprehensive real estate developer, stated that the company has submitted a registration statement for the bond offering and a draft prospectus to the Securities and Exchange Commission (SEC) to offer bonds to the general public and/or institutional investors. The bonds being issued in the second batch of 2025 consist of:

* Series 1 Bond with a term of 3 years and a fixed interest rate of 4.85% per annum, and

* Series 2 Bond with a term of 4 years and a fixed interest rate of 5.15% per annum.

Both series of bonds will pay interest every 3 months throughout the bond's term, with a minimum subscription of 100,000 baht and increments of 100,000 baht. The sale will occur from April 1-3, 2025, and both the company and the bonds have been rated “BBB+” with a “Stable” outlook by Tris Rating on April 23, 2024.

For the business plan in 2025, the company is moving forward under the strategy “Resilience Leads Sustainable Growth,” enhancing organizational flexibility to adapt to changes and aiming to lead and grow sustainably by seizing new opportunities. This aims to create long-term stability across business, social, and environmental aspects through 7 keys to success: 1. FOCUS ON MAINSTREAM REVENUE, 2. UNIQUE VALUE PROPOSITION, 3. MARKET EXPANSION, 4. DIGITAL TRANSFORMATION, 5. FINANCIAL STRUCTURE MANAGEMENT, 6. CUSTOMER FINANCIAL SUPPORT, 7. ESG & GREEN REVOLUTION.

New Project Launch and Targets for 2025:

  • Launch of 11 new projects in Bangkok and upcountry, with a total value of 20,000 million baht, including 5 condo projects from ORIGIN VERTICAL valued at 12,500 million baht and 6 house projects from BRITANIA valued at 7,500 million baht.
  • Sales target (Presales) of 30,000 million baht and total revenue target of 14,000 million baht.
  • Transfer activities for condo units and housing projects amounting to 22,000 million baht, divided into transfers from projects developed under subsidiaries at 10,500 million baht and from joint venture projects at 11,500 million baht.

Additionally, the company has condos that will be completed and gradually transferred to customers within 2025, with a backlog of over 15,000 million baht, accounting for 73%. Projects to be completed in Q1/2025 have a backlog of over 5,615 million baht, or 86% of the project value, with A to A+ grade customers (paying down payments as scheduled) making up over 90% of the backlog value. This includes 3 projects: 1. Origin Plug & Play Sirinthorn Station, 2. Origin Plug & Play E22 Station, 3. The Origin Campus Khon Kaen.

For investors interested in purchasing bonds, subscriptions can be made from April 1-3, 2025, through the following 9 financial institutions:

• CIMB Thai Bank Public Company Limited, Tel. 02-626-7777 or subscribe via Mobile application - CIMB Thai.

• Asia Plus Securities Company Limited, Tel. 02-680-4004.

• CGS-CIMB Securities International (Thailand) Co., Ltd., Tel. 02-846-8675.

• Bluebell Securities Company Limited, Tel. 02-249-2999.

• Globlex Securities Company Limited, Tel. 02-687-7543.

• UOB Kay Hian Securities (Thailand) Public Company Limited, Tel. 02-659-5272-73.

• Maybank Securities (Thailand) Public Company Limited, Tel. 02-658-5050.

• Pie Securities Public Company Limited, Tel. 02-205-7000 ext. 7387.

• Mertion Partners Public Company Limited, Tel. 02-660-6688.

Warning: Investing involves risks. Investors should study and understand the nature of the product, return conditions, and risks before making investment decisions. Investors can find details in the registration statement for the securities offering and the draft prospectus at www.sec.or.th.

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