Bangkok--15 Jun--BBL
Pruksa Real Estate Plc is working with Bangkok Bank, Kasikorn Bank and CIMB Thai Bank to issue unsubordinated unsecured debentures valued at Baht 2.5 billion. The debentures will be launched in two tranches of Baht 1.5 billion for a three-year term and Baht 1 billion for a five-year term. The bonds are offering interest rates of 3.00% and 3.75% per annum respectively. The company will pay interest every three months. Tris Rating has assigned an ‘A’ rating to the debentures. Interested customers and investors can subscribe for the debentures from 21-23 June.
Pruksa Real Estate CEO and President, Thongma Vijitpongpun announced the company will issue unsubordinated unsecured debentures valued at Baht 2.5 billion. The company will pay interest every three months and will repay the capital in one installment (a bullet payment). The initial public offering will be from Monday 21st to Wednesday 23rd June. The minimum subscription is Baht 50,000 and additional subscriptions can be made for multiples of Baht 10,000.
The debentures are an alternative investment option offering reasonable returns. Pruksa Real Estate is a well-established real estate company concentrating on residential properties. The company’s sound position is reflected in a high operating cash flow to current liabilities, and a low debt-to-capital ratio.