SC Plans to Offer New 3-Year Bonds with Interest Rates of [3.10 - 3.20]% for Institutional and Major Investors, Expected Subscription Dates: July 16-17 and 20
SC Asset Corporation Public Company Limited ("SC" or "the Company") is preparing to offer a new series of bonds, specifically named bonds that are non-subordinated and unsecured, with a representative for bondholders. These bonds will be offered to institutional investors and/or major investors, with a maturity of 3 years and an interest rate between [3.10 – 3.20]% per annum, with interest paid every 6 months throughout the bond's term. The exact interest rate will be announced later. The minimum subscription amount is 100,000 baht, with increments of 100,000 baht. Subscriptions are expected to open between July 16-17 and July 20, 2026. The Company and the bonds being offered have received a credit rating of "BBB+" with a "Stable" outlook from TRIS Rating Co., Ltd. on June 9, 2026, which is considered an investment-grade rating, reflecting the Company's strong competitive position in the mid-to-high-end residential market and manageable liquidity. Seven leading financial institutions have been appointed as underwriters for this bond issuance, including Kasikornbank, TMBThanachart Bank, CIMB Thai Bank, Siam Commercial Bank, Kiatnakin Phatra Securities, Asia Plus Securities, and Krungthai Xspring Securities.
Mr. Atthapol Surasithipanthawat, Chief Corporate Support Officer, stated, "For the year 2026, SC continues to adapt with a major rebranding after 20 years, transforming the brand image to be 'more than just housing,' aligning with the business structure that has shifted to a portfolio covering three business engines: Engine 1 for residential real estate, Engine 2 for income-generating real estate, and Engine 3 for new businesses for a better future."
In the first quarter of 2026, the Company reported total revenue of 3,245 million baht, an increase of 21.5% compared to the same period last year, with a backlog of approximately 19,000 million baht, of which about 40% is expected to be transferred this year. In May 2026, the COBE Ratchada-Rama 9 project was completed and began transferring ownership, receiving positive customer responses with accumulated sales of approximately 6,000 million baht. For income-generating real estate, revenue is expected to grow significantly from 2025, with three hotels already in operation totaling 545 rooms, and a warehouse that has been completed and fully leased at approximately 140,000 square meters, with plans to complete a total of 200,000 square meters by the end of 2026. Additionally, apartments in the United States are expected to be fully operational in 2026. Therefore, the Company is confident that overall performance will grow steadily in 2026 and beyond."
For major investors who are individuals interested in investing in SC's bonds, the minimum subscription is 100,000 baht, with increments of 100,000 baht, with subscriptions expected to open between July 16-17 and July 20, 2026.
The Company is currently in the process of submitting a bond offering information form to the SEC and drafting a prospectus that is not yet effective. Investors can find more details at www.sec.or.th or contact the bond distribution managers from the seven institutions listed below:
- Kasikornbank Public Company Limited, Tel. 02-888-8888 ext. 869 or subscribe through the K-My Invest website (www.kasikornbank.com/kmyinvest) for registered major investors (excluding foreign nationals and legal entities who can subscribe through the head office and branches) and including Kiatnakin Phatra Securities Public Company Limited as the sales agent for Kasikornbank Public Company Limited for the subscription, distribution, and allocation of bonds to major investors.
- TMBThanachart Bank Public Company Limited, all branches, or Tel. 1428 press #4, including TTB Wealth Securities Public Company Limited as the sales agent for TMBThanachart Bank for the subscription, distribution, and allocation of bonds to major investors.
- CIMB Thai Bank Public Company Limited (individuals can also subscribe online via the Mobile Application - CIMB Thai), Tel. 02-626-7777.
- Siam Commercial Bank Public Company Limited, Tel. 02-777-6784 or subscribe online via the SCB EASY application for individual major investors, including InnovestX Securities Public Company Limited as the sales agent for Siam Commercial Bank Public Company Limited.
- Kiatnakin Phatra Securities Public Company Limited, Tel. 02-165-5555 (including Kiatnakin Phatra Bank Public Company Limited as the sales agent for Kiatnakin Phatra Securities Public Company Limited).
- Asia Plus Securities Public Company Limited, Tel. 02-680-4004.
- Krungthai Xspring Securities Public Company Limited, Tel. 02-695-5555.
Warning: Please understand the nature of the product, conditions, returns, and risks before making an investment decision. Investments carry risks. Investors should study the information in the draft prospectus before making an investment decision. Investors can find details from the information form and draft prospectus as detailed below.