Mr. Vicharn Wiriya-pusit, Chief Executive Officer of Finance at Sansiri Public Company Limited announced that Sansiri Public Company Limited ("SIRI" or "the Company"), a leading real estate developer in Thailand, is preparing to offer subordinated bonds similar to equity, redeemable upon company dissolution. The bond issuer has the right to redeem the bonds early and has the option to defer interest payments without any conditions. This is the first issuance of subordinated bonds similar to equity ("Perpetual Bond") to the general public (Public Offering) with an interest rate of 7.00% per annum for the first five years, with interest paid every three months throughout the bond's duration. Subscriptions will be open from June 20 and June 23-25, 2025. The company's credit rating is at Investment Grade with a rating of "BBB+" and a "Stable" outlook, while the subordinated bonds similar to equity are rated "BBB-" with a "Stable" outlook by Tris Rating as of February 6, 2025. Interested investors can subscribe for a minimum of 100,000 Baht and in increments of 100,000 Baht through the nine bond distribution managers, which include Bangkok Bank, Krung Thai Bank, Kasikorn Bank, Siam Commercial Bank, CIMB Thai Bank, Krung Thai Xspring Securities, Kiatnakin Phatra Securities, Asia Plus Securities, and Yuanta Securities (Thailand).

“The issuance of subordinated bonds similar to equity this time is to replace the previous subordinated bonds similar to equity that the company will redeem early after five years. This aims to enhance the flexibility of the capital structure with a prudent management strategy and maintain strong financial liquidity to support robust and sustainable business growth in the long term. This growth will be driven by the gradual recognition of revenue from ready-to-transfer projects and the launch of new projects that meet all demands. It is expected that in the second quarter, four new projects will be launched (three horizontal projects and one condominium) with a total value of 6 billion Baht, alongside a backlog of over 22 billion Baht waiting to be recognized as revenue. In the first quarter of 2025, the company reported sales of 15 billion Baht, exceeding the first-quarter target and accounting for 28% of the annual sales target of 53 billion Baht. Total revenue was 6.891 billion Baht, with a net profit of 814 million Baht,” Mr. Vicharn stated.

For investors interested in subscribing to the subordinated bonds similar to equity, further details and additional advice can be found at www.sec.or.th or by contacting the financial institutions managing the bond distribution:

  • Bangkok Bank Public Company Limited (except micro branches) Tel. 1333 (individuals can also subscribe online via the Bangkok Bank Mobile Banking app)
  • Krung Thai Bank Public Company Limited Tel. 02-111-1111 (individuals can also subscribe online via the Krungthai Next app)
  • Kasikorn Bank Public Company Limited at all branches Tel. 02-888-8888 press 869, including Kasikorn Securities Public Company Limited as a sales agent for Kasikorn Bank Public Company Limited
  • Siam Commercial Bank Public Company Limited Tel. 02-777-6784 (individuals can also subscribe online via the SCB EASY app), including Investec X Co., Ltd. as a sales agent for Siam Commercial Bank Public Company Limited
  • CIMB Thai Bank Public Company Limited Tel. 02-626-7777
  • Krung Thai Xspring Securities Co., Ltd. Tel. 02-695-5555
  • Kiatnakin Phatra Securities Public Company Limited Tel. 02-165-5555 (individuals can also subscribe online via the Dime! app), including Kiatnakin Phatra Bank Public Company Limited as a sales agent for Kiatnakin Phatra Securities Public Company Limited
  • Asia Plus Securities Co., Ltd. Tel. 02-680-4004
  • Yuanta Securities (Thailand) Co., Ltd. Tel. 02-009-8351-56

Moreover, SIRI has been assessed with an AAA rating in the SET ESG Ratings for the year 2024, evaluated and ranked by the Stock Exchange of Thailand, and has been recognized as a sustainable stock for five consecutive years. This reflects Sansiri's serious and continuous efforts in ESG, emphasizing environmental, social, and governance aspects while maintaining a growth trajectory in performance, maximizing returns for shareholders, and being ready to contribute to sustainable development for society and the country.

Warning: Investment carries risks. Investors should study, seek additional advice, and understand the nature of the product, return conditions, and risks before making investment decisions. Investors can find details in the information statement and draft prospectus at www.sec.or.th.

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