LPD Development Public Company Limited (“the Company” or “LPN”) is preparing to issue a new series of bonds with a maturity of 2 years and 6 months, offering an interest rate of [5.85 – 6.00]% per annum, with interest payments every 3 months. The bonds will be secured with collateral valued at no less than 1.62 times the outstanding bond amount. The bonds have received a credit rating from TRIS Rating Co., Ltd. at 'BBB-' with a 'Stable' outlook as of June 6, 2025, which is considered an Investment Grade level. They will be offered to the general public, with a minimum subscription of 100,000 baht and multiples of 100,000 baht. The expected offering dates are from August 5-7, 2025.

Ms. Daranee Chattpiriyapan, Chief Executive Officer of LPD Development Public Company Limited (LPN) stated that LPN, a group of quality residential developers committed to enhancing living standards for over 36 years, is preparing to offer a new series of bonds. This issuance will be a long-term bond with specified holders, non-subordinated, secured, and with a bondholder representative. The issuer has the right to redeem the bonds before maturity for general investors. The bonds will have a term of 2 years and 6 months, with an interest rate of [5.85 – 6.00]% per annum, and interest will be paid every 3 months (the final interest rate will be announced later). The collateral will be valued at no less than 1.62 times the outstanding bond amount, including land and buildings, vacant land, and commercial condominium units located in Bangkok, Chonburi, Phetchaburi, Nonthaburi, Pathum Thani, and Samut Prakan.

In the first 3 months of 2025, the Company reported total revenue of 1,532 million baht, an increase from 1,413 million baht in the same period last year, with a net profit of 20 million baht. Although this is a decrease from the previous year, it shows improvement compared to the previous quarter. Additionally, as of the first quarter of 2025, there is a backlog of 1,529 million baht waiting to be recognized as revenue, which will be gradually recognized throughout 2025-2026. The Company also plans to launch 4 new projects with a total project value of 6,000 million baht to meet housing demand and support long-term growth. The sales target for this year remains at 8,500 million baht, with total revenue projected at 8,300 million baht. For its strategy in 2025, the Company will focus on clearing existing inventory while acquiring new land in the second half of the year to prepare for new project developments in the next 2-3 years.

“The Company is confident that this bond issuance will attract investor interest. The fundraising through bond issuance is not frequent each year, making it an investment opportunity and an attractive option for investors seeking good returns in an organization with an investment-grade credit rating,”

For the general public interested in investing in LPN bonds, further details can be found at www.sec.or.th, and inquiries can be made to the bond distribution managers at the following 8 firms starting today:

  • Yuanta Securities (Thailand) Co., Ltd. Phone: 02-009-8351-6
  • Daewoo Securities (Thailand) Public Company Limited Phone: 0-2351-1800 Press 1
  • KGI Securities (Thailand) Public Company Limited Phone: 02-658-8888
  • Krung Thai Xspring Securities Co., Ltd. Phone: 02-695-5555
  • Globlex Securities Co., Ltd. Phone: 02-687-7543
  • Asia Plus Securities Co., Ltd. Phone: 02-680-4004
  • Bluebell Securities Co., Ltd. Phone: 02-249-2999
  • Beyond Securities Public Company Limited Phone: 02-820-0100