Ananda Development Public Company Limited

Ananda Development Public Company Limited, or ANAN, has filed a draft registration statement with the Securities and Exchange Commission to issue and offer secured bonds with a one-year term maturing in 2027, carrying an interest rate of 6.70% per year, with interest paid every three months. The bonds will be offered to institutional investors and/or high-net-worth investors. The collateral for this bond issue is a mortgage over one plot of land located on a private road branching off Ban Manik Road, Si Sunthon subdistrict, Thalang district, Phuket province, with an appraised value of approximately 303.70 million baht. The asset is owned by the company group and is subject to obligations to other creditors. The issuer will redeem the existing mortgage before registering a first-ranking mortgage as collateral for the bonds, at a ratio of not less than 1.50 times the value of the bonds issued and offered. The company will open subscriptions between 25 September 2026 and 28 September 2026, with Yuan Ta Securities (Thailand) Company Limited as the bond distribution manager and Asia Plus Securities Company Limited as the bondholders' representative. The company intends to use the proceeds from this bond offering as short-term working capital.

Chanond Ruangkritya, Chief Executive Officer of Ananda Development Public Company Limited, or ANAN, informed the Stock Exchange of Thailand that on 9 September 2026 the company acquired preferred shares of ADC-JV23 Company Limited from the original co-investors, Everland Partners Limited and LTL Investment Management (Europe) Limited, totalling 4,449,545 shares, or 46.3% of all shares, for a total value of 18.32 million US dollars, or approximately 602.42 million baht, using the company's internal working capital to pay for the shares. Following the purchase, ADC-JV23 Company Limited became a subsidiary of ANAN. Then, on the same day, ANAN sold all 4,449,545 preferred shares it had acquired, or 46.3%, to Apex Inflation Limited, a new investor engaged in real estate investment, at a price of 19 million US dollars, or approximately 625.86 million baht, equivalent to 4.27 US dollars per share, with the buyer paying in cash. The sale of the shares to the new investor is intended to raise funds to replace the investment of the original co-investors without the need to borrow additional money from financial institutions, which helps reduce the impact on working capital used to develop projects. After the sale, ADC-JV23 Company Limited will change its status from a subsidiary to a joint venture, with ANAN and Apex Inflation Limited jointly represented on the board. The share purchase and sale do not constitute a connected transaction and do not fall under the criteria for significant transactions requiring reporting, but ANAN is required to disclose information to the Stock Exchange of Thailand because the transaction changes the status of ADC-JV23 Company Limited from a subsidiary to a joint venture.

Ananda Development Public Company Limited (ANAN) has filed a draft registration statement with the Securities and Exchange Commission (SEC) to issue and offer high-risk, secured, non-subordinated bonds with a call option, with a 1-year term maturing in 2027, carrying an interest rate of 6.70% per annum, payable quarterly. The bonds will be offered to institutional investors and/or high-net-worth investors, secured by one plot of land in Phuket with an appraised value of approximately 303.70 million baht, representing a collateral ratio of no less than 1.50 times the value of the bonds issued and offered. The subscription period is from September 25 to 28, 2026, with Yuanta Securities (Thailand) as the underwriter and Asia Plus Securities as the bondholders' representative. The company has a credit rating of BB from Tris Rating as of March 23, 2026, and intends to use the proceeds for short-term working capital.

InfoQuest reports a table of new bond offerings from several companies, including general bonds, high-yield secured bonds, and digital bonds, covering the period from August to September. For example, STECON is offering 3-year bonds with a coupon of 3.30% to general investors from August 3 to 5, with a credit rating of BBB+. ANAN is offering two tranches of high-yield secured bonds to institutional and high-net-worth investors from August 3 to 5. Tranche 1 has a tenor of 1 year, 1 month, and 3 days with a coupon of 6.70%, and Tranche 2 has a tenor of 2 years, 6 months, and 27 days with a coupon of 7.20%. NOBLE is offering bonds with a tenor of 2 years and 11 months and a coupon of 6.15% to general and institutional investors from August 4 to 5, with a credit rating of BBB-. TrueMoney is offering bonds with a tenor of 2 years, 10 months, and 8 days and a coupon of 5.00% to institutional and high-net-worth investors from August 4 to 6.

Bluebell Securities is offering newly issued bonds from seven companies, totaling nine series, between late July and September 2026. Coupons range from 4.60% to 7.35% per annum, with tenors from 1 year 1 month to 3 years. Mud & Hound bonds have a 2-year tenor, pay 7.35% per annum, carry 1.50 times collateral coverage and a BB- credit rating, and are offered to institutional and high-net-worth investors from 31 July and 3–4 August. Saksiam Leasing bonds have a 3-year tenor, pay 5.60–5.80% per annum, hold a BBB credit rating, and are offered to the general public from 24–27 August. Ananda Development offers two series: a 1-year-1-month-3-day tenor paying 6.50–6.75% per annum, and a 2-year-6-month-27-day tenor paying 7.20% per annum. Both series carry 1.50 times collateral coverage and a BB credit rating, and are offered to institutional and high-net-worth investors from 3–5 August. Noble Development bonds have a 2-year-11-month tenor, pay 6.00–6.25% per annum, hold a BBB- credit rating, and are offered to the general public from 4–6 August. Aurora Design offers two series: a 1-year-6-month tenor paying 4.80–4.90% per annum with a BBB- credit rating, and a 2-year-6-month tenor paying 4.60–4.70% per annum with a BBB credit rating and 1.00 times collateral coverage. Both are offered to institutional and high-net-worth investors from 25–27 August. Micro Leasing bonds have a 2-year tenor, pay 6.40–6.60% per annum, hold a BB credit rating and 1.20 times collateral coverage, and are offered to institutional and high-net-worth investors from 1–3 September. Jaymart Group Holdings bonds have a 3-year tenor, pay 5.75–6.00% per annum, hold a BBB- credit rating, and are offered to the general public from 21–23 September.