Ananda Development Public Company Limited, or Ananda, has announced the successful offering of a new 1-year bond with an interest rate of 6.75% per annum, paying interest every 3 months. This secured bond has a collateral value of no less than 1.5 times the amount issued and offered, aimed at institutional investors and/or large investors. The response exceeded expectations, with subscription requests reaching 1.5 times the offered amount, allowing for a full subscription of 1 billion baht. This reflects the confidence investors have in the company's operational potential and financial fundamentals amidst the volatility of the Thai bond market.

Mr. Chanont Ruangkritya, CEO of Ananda Development Public Company Limited, or Ananda, stated that the company places great importance on each bond offering, allocating appropriately according to business plans and managing finances meticulously. The fact that Ananda's bonds were oversubscribed by 1.5 times is another success that reinforces investor confidence in the company's operational potential and financial discipline. This achievement reflects the strength of the Ananda brand as a market leader in condominium developments near electric train lines and its ability to adapt amidst challenging economic conditions.

Ananda will use the funds raised from this offering to repay bonds maturing in January 2026. This repayment will help reduce the company's debt burden and strengthen its financial structure. Ananda remains committed to principles of governance, risk management, and sustainable growth to ensure confidence and stable returns for investors, shareholders, and customers in the long term.

Mr. Prasert Butrdeewong, CEO of the Real Estate Business Division of Ananda Development Public Company Limited, or Ananda, revealed that the company has issued and offered a new 1-year bond with an interest rate of 6.75% per annum, paying interest every 3 months, with a collateral value of no less than 1.5 times the amount issued and offered. The offering was made to institutional investors and/or large investors, open for subscription from September 8 to 10, 2023, through bond distribution managers including various securities firms. The response from investors was overwhelmingly positive, with subscriptions reaching 1.5 times the offered amount, allowing for a full subscription of 1 billion baht. This reflects investor confidence in Ananda, its potential for continuous growth, investment value, and its leadership in the condominium market near electric train lines, as well as its strict financial discipline, having repaid bonds in full, including principal and interest, consistently since 2023, totaling over 17.928 billion baht. Additionally, the company has an inventory ready to generate revenue of over 29.373 billion baht, with a backlog of sales ready to recognize revenue of over 10.130 billion baht, expected to contribute revenue from the second half of 2023 to 2024. Furthermore, two new ready-to-move-in projects, Culture Thonglor and Culture Chula, have begun transferring ownership, with expected revenue recognition in Q3 and Q4 of this year and continuing into next year, reflecting effective management capabilities in delivering quality products in prime locations in Bangkok. All these factors are crucial in building trust with investors and supporters.


“Ananda would like to express our sincere gratitude to all investors for their trust and support for this new bond offering. The overwhelming interest from investors reflects confidence in Ananda's management capabilities, which will drive us to continue our vision of developing quality projects that not only create value for customers and shareholders but also benefit society and the environment in the long term. Ananda is confident that in the next bond offering, we will continue to receive strong support from investors due to their confidence in our effective management capabilities and sound business plans for the future,”Mr. Prasert stated.

 

Ananda continues to pursue its vision of developing projects that address urban challenges while improving the quality of life for city dwellers. The company emphasizes all dimensions, including environmental, social, and governance aspects, to create value for all stakeholders. It aims to create products and services in the form of housing and urban living that align with the ever-changing context and environment through environmentally conscious design and construction, as well as sustainable community development.