Property Perfect offering high-interest perpetual bond
Listed property firm Property Perfect Plc has issued a perpetual bond worth Bt1 billion at 9.5 per cent interest for the first five years
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In a press release on Friday, it said the interest rate for the sixth through 25th year would be based on the rate for government bonds, plus 7.33 per cent, and beyond that plus 8.08 per cent.
As of October 2018,the government bond offers interest rate 2.42 per cent.
The perpetual bond will be available from November 26-28, with KT Zmico Securities Plc and Globlex Securities Co Ltd as underwriters, the company said.
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