Mr. Sorrapong Mamuang, Chief Financial Officer of Raimon Land Public Company Limited (RML), said "The issuance and offering of our Series 2 and Series 4 secured bonds received an overwhelming response from investors. These bonds, carrying a 7.3% annual interest rate, offer quarterly interest payments and are set to mature in 2026. They are senior secured bonds with a bondholders' representative, making them highly attractive to investors. The offering, conducted between January 14-16 and January 21-23, 2025, was fully subscribed within a short period. We sincerely thank our investors for their trust, which underscores their confidence in the RML brand and our strategic business direction."
RML has also successfully repaid its maturing bonds worth THB 523.4 million, including full principal and interest payments to bondholders in January 2025. The company has consistently met all payment obligations without default, reaffirming its robust financial management and commitment to transparent business operations.
"The strong demand for our secured bonds at the beginning of 2025 highlights our ability to execute strategic plans laid out since 2024. These include capital increases, the successful sell-out of our ultra-luxury condominium project 'The Estelle Phrom Phong,' and the near-completion of sales for our luxury condominium 'Tait Sathorn 12' in the heart of Sathorn. Additionally, we are progressing with the transformation of the 'OCC' building into a Real Estate Investment Trust (REIT), currently undergoing due diligence with institutional investors. Meanwhile, our ultra-luxury mansion project 'THE 528 ESTATE' has received strong interest from both local and international buyers. Furthermore, we continue to drive sales of our riverfront condominium 'The River' along the Chao Phraya River. These key factors collectively support RML's turnaround strategy, positioning the company for success in 2025," Mr. Sorrapong concluded.
Source: Raimon Land