Sansiri’s latest debenture worth Bt4 billion
Listed property firm Sansiri Plc will issue a three-year, 10-month debenture worth Bt4 billion from July 30-August 1 to finance its expansion this year, chief operating officer Wanchak Buranasiri said on Monday.
The debenture will carry an annual interest rate of 3.9 per cent, repaid in instalments every three months until it expires.
The company has appointed Siam Commercial Bank, Kasikorn Bank, Bangkok Bank and Krung Thai Bank to underwrite the venture.
“Bt1 billion worth of the earnings will to used pay back some of our previous debenture expiring at the end of July, the next Bt1 billion to cover our debenture expiring in October and the remaining Bt2 billion will support our business expansion through the rest of this year,” Wanchak said.
Tris Credit Rating on June 11 assigned the company a BBB+ credit rating.
In the first quarter of 2019, Sansiri’s total revenue was Bt6.63 billion, up 27 per cent from the same period last year.
Its backlog of residential properties ready to sell or waiting to be transferred to purchasers is worth Bt57.2 billion, Wanchak said.