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.
Ananda Development Public Company LimitedANAN is issuing 6.70% secured bonds backed by Phuket land to raise short-term working capital, a financing event.
Asia Plus Group Holdings PCL