'Singha Estate' to offer 3-years debentures

Editorial Staff

'Singha Estate' to offer 3-years debentures with coupon rates of 5.00% per year to the general investors between August 8-10 through 4 leading financial institutions

Singha Estate Plc or ‘S’ announced coupon rates of 5% 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 Plc offers unsubordinated, and unsecured debentures with a debenture holders' representative in the name-registered certificate with an interest rate of 5% 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 said 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.