Post by account_disabled on Dec 26, 2023 22:44:45 GMT -5
Ananda Development Public Company Limited Preparing to issue and offer subordinated debentures similar to capital worth 1 billion baht. Return in the first 5 years is 9.50% per year. Debenture credit rating BB+ by TRIS Ratings. The debentures will be offered for sale to institutional investors. and/or large investors Between 3-6 August through 5 financial institutions, it is revealed that this is a good opportunity for large investors to be able to diversify their investment portfolios in assets that provide high returns. Ready to emphasize the strength of the financial position as of the end of March 31, 2020, the ratio of net interest-bearing debt to equity was 1.07 times, while there is sufficient cash reserve to support future risks. Confident that in the second half of the year the business will likely recover. After the COVID-19 virus crisis resolved and the lockdown was fully lifted, Dr. Chaiyut Chunhacha, Chief Financial Officer of Ananda Development Public Company Limited or ANAN, a leader in Condominium market next to the electric train revealed that the company is in the process of submitting information requesting an offering of subordinated debentures that resemble equity.
Redemption upon dissolution of the company The issuer of the bonds has the right to redeem the bonds before the deadline and has the right to postpone interest payments without any conditions. to the Securities and Exchange Commission (SEC). The said Email Data debentures received a credit rating from TRIS Rating Company Limited at BB+, while the corporate credit rating was BBB with a Negative trend as of today. On June 22, 2020, the company will offer debentures for sale. To institutional investors and/or large investors In the amount not exceeding 1,000 million baht, the return for the first 5 years is 9.50% per year by appointing 5 financial institutions, consisting of Krung Thai Bank. Kasikorn Bank Siam Commercial Bank CIMB Thai Bank and Krungthai ZMICO Securities Co., Ltd. are the underwriters of the bonds. which is expected to be offered for sale on 3-6 August. “The company has issued and offered subordinated debentures similar to equity in the past, which have received a good response from major investors and institutional investors. good Makes us confident that The offering of bonds this time will receive the same attention as in the past, especially this time. This is a good opportunity for large investors and institutional investors who want to diversify their investments into assets that provide high returns. At the same time, the Company, as an issuer of securities, Still have financial stability. From the determination to maintain strict financial discipline, the company has a net interest-bearing debt to equity ratio as of March 31, 2020 at 1.07 times and has a long-term goal to maintain the ratio at 1.07 times.
At the level of 1 times, at the same time, the company still has cash reserves at a high level and strong enough to absorb risks that will occur in the future,” said the Chief Financial Officer of Ananda Public Company Limited. According to TRIS Ratings data, the company has sales awaiting revenue recognition worth 29.4 billion baht (including joint venture projects) by the company. Will deliver sales awaiting revenue recognition in the joint venture project to customers during the remainder of 2020-2022, Dr. Chaiyut added. Real estate business trends in the second half of this year There will be very clear signs of recovery. Especially sales and transfers After the COVID-19 situation in the country began to ease. and the lockdown measures were relaxed. As a result, the overall picture of economic activity returns to normal. This signal tends to improve from May to June. with the number of visits to the company's projects The number has increased to 300-400 people per day from the previous period of 100 people per day, which reflects that customers have returned to be more interested in buying homes. At the same time, the company has also adjusted its marketing strategy and increased sales. through online channels which received good response and can generate sales very well “Current sales have reached 7.5 billion baht, or nearly 50% of the full year sales target of 16.6 billion baht.
Redemption upon dissolution of the company The issuer of the bonds has the right to redeem the bonds before the deadline and has the right to postpone interest payments without any conditions. to the Securities and Exchange Commission (SEC). The said Email Data debentures received a credit rating from TRIS Rating Company Limited at BB+, while the corporate credit rating was BBB with a Negative trend as of today. On June 22, 2020, the company will offer debentures for sale. To institutional investors and/or large investors In the amount not exceeding 1,000 million baht, the return for the first 5 years is 9.50% per year by appointing 5 financial institutions, consisting of Krung Thai Bank. Kasikorn Bank Siam Commercial Bank CIMB Thai Bank and Krungthai ZMICO Securities Co., Ltd. are the underwriters of the bonds. which is expected to be offered for sale on 3-6 August. “The company has issued and offered subordinated debentures similar to equity in the past, which have received a good response from major investors and institutional investors. good Makes us confident that The offering of bonds this time will receive the same attention as in the past, especially this time. This is a good opportunity for large investors and institutional investors who want to diversify their investments into assets that provide high returns. At the same time, the Company, as an issuer of securities, Still have financial stability. From the determination to maintain strict financial discipline, the company has a net interest-bearing debt to equity ratio as of March 31, 2020 at 1.07 times and has a long-term goal to maintain the ratio at 1.07 times.
At the level of 1 times, at the same time, the company still has cash reserves at a high level and strong enough to absorb risks that will occur in the future,” said the Chief Financial Officer of Ananda Public Company Limited. According to TRIS Ratings data, the company has sales awaiting revenue recognition worth 29.4 billion baht (including joint venture projects) by the company. Will deliver sales awaiting revenue recognition in the joint venture project to customers during the remainder of 2020-2022, Dr. Chaiyut added. Real estate business trends in the second half of this year There will be very clear signs of recovery. Especially sales and transfers After the COVID-19 situation in the country began to ease. and the lockdown measures were relaxed. As a result, the overall picture of economic activity returns to normal. This signal tends to improve from May to June. with the number of visits to the company's projects The number has increased to 300-400 people per day from the previous period of 100 people per day, which reflects that customers have returned to be more interested in buying homes. At the same time, the company has also adjusted its marketing strategy and increased sales. through online channels which received good response and can generate sales very well “Current sales have reached 7.5 billion baht, or nearly 50% of the full year sales target of 16.6 billion baht.