Singha Estate Public Company Limited (SET: S) announced coupon rates of 5.00% per year and payable every 3 months for its 3-years debentures to be offered to the general investor between August 8 – 10, 2023. Meanwhile, financial institutions appointed as underwriters reveal that they are actively receiving extensive feedbacks indicating investors’ confidence in not only the comprehensive business plan but also a well-recognized “Singha Estate brand” widely accepted in both domestic and international markets, as well as management based on principles of corporate governance with an IOD rating of 5 stars or “excellent”.
Singha Estate Public Company Limited or ‘S’ to offer unsubordinated, and unsecured debentures with a debenture holders’ representative in the name-registered certificate with an interest rate of 5.00% per year and payable every 3 months, through 4 leading financial institutions appointed as underwriter, consisting of Bangkok Bank, Krung Thai Bank, Kasikorn Bank, and Kiatnakin Phatra Securities. The debentures were classified as an “Investment Grade” given that the issue rating of “BBB” was affirmed by TRIS Rating on July 7, 2023, as well as the company rating of “BBB+” with a “stable” rating outlook.
As for nature of business, Singha Estate operates a comprehensive property development business comprises of Hospitality Business under management of ‘S Hotels and Resorts’ (SHR), a subsidiary of Singha Estate, has delivered an outstanding performance in the previous year with current portfolio owning 38 hotel locations of total 4,552 room keys located in major tourist destinations spread across 3 regions and 5 countries; Residential Business with policy to develop diversified projects of both high-rise and low-rise, comprising of single-detached houses, condominiums, and home offices; Commercial Business, including office buildings for rent and shopping centers, holds high growth potential and high returns on investment; and Industrial Estate and Infrastructure Business.
Mrs. Thitima Rungkwansiriroj, Chief Executive Officer at Singha Estate Public Company Limited or ‘S’ reveals that Singha Estate strives towards expanding its business to achieve a sustainable growth and to continuously create economic value, as well as to establish a well-quality-of-life society for everyone (inclusive growth) under the vision of well-balanced diversity for sustainable growth (Sustainable Diversity). Singha Estate will continue to drive all business units forward with full force, implementing the “S EXCELS” strategy, aiming to achieve prosperous performance and all-time high revenue and profits. In 2023, Singha Estate was awarded as Thailand Sustainability Investment (THIS) by the Stock Exchange of Thailand, as well as receiving a 5-star rating or ‘Excellent’ for the corporate governance. And recently being named Thailand’s Most Admired Company award for Corporate Social Responsibility. It is highly convinced that all of these could assure investors’ confidence in investing in Singha Estate debentures.
The financial institutions appointed as underwriters of Singha Estate debentures reveals that investors have shown very strong interest in Singha Estate debentures. Whereof, the key contributing factors are the confidence in comprehensive business plan that implements strategies of highly-diversified business portfolio with great potential for future growth and well-recognized “Singha Estate brand” that is widely accepted in both domestic and international markets, investors are confident in the strength of the company as a leading real estate operator with an impregnable business structure, financial position, and operations under corporate governance. Moreover, the suitable maturity of the debentures in consistent with satisfactory return have led to excellent feedback from retail investors.
Singha Estate debentures are expected to be offered to investors between August 8 – 10, 2023 through 4 leading financial institutions across the country, namely:
- Bangkok Bank (except Micro Branches) Tel. 1333
- Krung Thai Bank Tel. 02-111-1111 or reserve online via application Krungthai NEXT
- Kasikorn Bank (An individual can reserve online via https://www.kasikornbank.com/kmyinvest except foreign nationals and juristic persons can subscribe through the head office and branches) Tel. 02-888-8888 press 819
- Kiatnakin Phatra Securities (including Kiatnakin Phatra Bank as a sales agency of Kiatnakin Phatra Securities) Tel. 02-165-5555 or application DIME
For general investors interested in subscribing the debentures, more details can be obtained from the draft prospectus at www.sec.or.th