RISLAND (THAILAND) Successfully Raised THB 1.5 billion from Its Inaugural Debentures

Stocks and Financial Services Press Releases Friday August 2, 2019 09:26
Bangkok--2 Aug--KASIKORNBANK

Risland (Thailand) Company Limited (The "Company" or "RISLAND") has successfully issued its inaugural Thai Baht debentures on 24 July 2019. The debenutres offered are unsubordinated and guaranteed debentures with a debentureholders' representative with a 3-year tenor and a fixed coupon rate of 4.75% per annum. RISLAND has appointed KASIKORNBANK Public Company Limited as the sole lead arranger and bookrunner for this offering. The total issue size is THB 1,500 million, placed to institutional investors only. The debentures are rated "AA(tha)" by Fitch Ratings (Thailand) Limited.

This is the first debenture issuance for RISLAND after the company has officially begun its operation in Thailand in June 2017. The company is a real estate developer with the portfolio of both single house and condominium projects. RISLAND's current portfolio consists of 1 single house project called Lake Serene and 4 condominium projects including, Artisan, The Art, Cloud Thonglor, and Cloud Asoke.

Mr. ZHANG Liangang, the President of Risland (Thailand) Company Limited, said after the success of the debentures launch that "This first time issuance of RISLANDS's Thai Baht debentures marked another milestone for the company with warm welcome from market participants. As RISLAND plans to launch several projects this year, it also establishes more market awareness about RISLAND's presence to the general public and debenture investors. The company's vision is to provide the good house at affordable price for all people in thailand. We hope to continue the good support from investors for the next transaction."

Mr. Tipakorn Saiphatana, Executive Vice President, KASIKORNBANK Public Company Limited, said "The offering positively contributes to the Thai debt capital market as this shows the capability of Thai market as a true regional financial hub for fund raising. From an investor perspective, RISLAND's access to capital market allows investors to be exposed to the credit of global player's name in domestic market. It is, thus, truly a win-win outcome."

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