HoonSmart.com>> “Origin Property” prepares to sell 4 debentures to general investors aged 1-4 years, yielding 3.00-4.25% per year, paying interest every 3 months, expected Offered on 29-31 Aug. The debentures are rated at “BBB+” with a “stable” outlook from TRIS Rating. Ready to open a plan to pave the way to new business “Service business hotel business” ready to push Primo Service Solutions to be listed on the stock exchange
Mr. Peerapong Jaroon-ek, Chief Executive Officer of Origin Property Company (ORI), revealed that the company has filed a report on the offering of debt securities and a draft prospectus with the Office of the Securities and Exchange Commission. Securities and Exchange to issue and offer for sale debentures in the name of the holders Unsubordinated, unsecured, and has a debenture holder representative to general investors (Public Offering). There are 4 debentures issued at this time, namely, the 1-year term, the interest rate is 3.00% per annum, the 2-year term, the interest rate is 3.50% per annum, the 3-year term, the interest rate. at 3.95% per annum and the 4-year model has an interest rate of 4.25% per annum. to be used to repay the bonds that are due and used as working capital for business operation and further expansion of the Company’s business
Mr. Peerapong also added that in 2022, the company plans to launch 19 new condo projects with a total value of more than 28.6 billion baht, which will make the company a “market leader” that opens the most condo projects. this year Covering all price and lifestyle segments Last year was the year we started trying to penetrate new target markets. Develop condos for startups, Pet Lovers, students and university workers, or Campus Condos, investors. which these markets have been very well received. This year, we are constantly invading these markets. Along with having a new brand that has a brand personality that is different from other brands, such as So Origin and Origin Play, to help penetrate every lifestyle market. every generation
As for the business plan of the company will aim to pave the way for more new businesses such as real estate service business and hotel business, etc., to extend from the original business of the Company. and allow each business to grow on its own However, the Board of Directors of the Company has approved the plan for issuing and offering newly issued ordinary shares of Primo Service Solution Public Company Limited or PRI, which is a subsidiary of the Company. holding 100% of the paid-up capital Initial public offering (IPO) and listing of PRI in the Stock Exchange of Thailand in accordance with the Company’s spin-off plan by submitting the IPO registration statement and the draft prospectus for the offering of newly issued ordinary shares to the public for the first time (IPO) to the Securities and Exchange Commission It was completed on July 27, 2022 in the past.
Financial institutions underwriters are confident that ORI bonds to be offered by August will receive a good response from investors as always Especially investors who want to invest in debt instruments issued by bond issuers with stability. It is rated at investment grade with opportunities and potential for growth, and ORI remains the leader in real estate development in the country.
For general investors who are interested in subscribing to ORI debentures, they can subscribe for a minimum of 100,000 baht and multiply 100,000 baht through a financial institution that is the debenture underwriter as follows: Krung Thai Bank, Kasikorn Bank, CIMB Thai Bank, Securities Company Kiatnakin Phatra , Asia Plus Securities Company , Yuanta Securities Company (Thailand)
