FTREIT succeeds in issuing 1 billion baht in bonds
Dec 27, 2023 5:53:37 GMT -5
Post by account_disabled on Dec 27, 2023 5:53:37 GMT -5
The proceeds from the issuance have been used to repay bonds due in April 2020 and short-term loans. Frasers Property Industrial REIT Management (Thailand) Company Limited or “FIRM” as the REIT manager of the Industrial Real Estate and Leasehold Real Estate Investment Trust. Razors Property or "FTREIT" reveals the success of the offering of FTREIT bonds No. 1/2020, 2 tranches, 7 years and 10 years, totaling 1,000 million baht, with an average interest rate of 100 baht. 3.165 per year, which opened for subscription on 1 - 2 April 2020 and received a good response from investors. Investors remain confident in the company's strong financial position and operating results. FTREIT, with subscriptions from a group of institutional investors. and large investors quickly reached the amount of the issued and offered credit limit. Although this bond issuance is during the COVID-19 outbreak situation.
FTREIT's bonds issued and offered for sale Buy Bulk SMS Service this time are divided into 2 tranches: tranche 1, amount 450 million baht, tenor 7 years, fixed interest rate 3.00 percent per annum, due for redemption in 2027, and tranche 2, amount 550 million baht, tenor. 10 years, fixed interest rate of 3.30% per annum, maturity date 2030. FTREIT will use the proceeds from this issuance and offering of bonds to repay bonds due in April 2020 and short-term loans. already Mr. Peerapat Srisukon, Managing Director of Frasers Property Industrial REIT Management (Thailand) Company Limited or “FIRM” as the REIT manager of FTREIT, revealed that “Under The economic and investment situation has changed as a result of the spread of the COVID-19 virus. Investors are becoming more cautious when considering investing in corporate bonds.
They will choose bonds from issuers with investment grade credit ratings or higher, as well as invest in companies or trusts that have financial standing. and stable operating results which FTREIT still has financial status and good operating results Including having a clear strategic plan for operations. The response exceeded expectations this time. It reflects investors' confidence in the growth potential of FTREIT, Thailand's largest industrial and logistics trust. The creditworthiness of the bonds has been rated by TRIS Rating Company Limited at level A with a stable outlook, which is considered the highest credit rating for industrial trusts in the country.”Thai artists. Attend the Venice Biennale Ready to establish the Thai Cultural Council in Italy GraphicTitle26Oct "Invite Thai people to join in reducing micro dust.
FTREIT's bonds issued and offered for sale Buy Bulk SMS Service this time are divided into 2 tranches: tranche 1, amount 450 million baht, tenor 7 years, fixed interest rate 3.00 percent per annum, due for redemption in 2027, and tranche 2, amount 550 million baht, tenor. 10 years, fixed interest rate of 3.30% per annum, maturity date 2030. FTREIT will use the proceeds from this issuance and offering of bonds to repay bonds due in April 2020 and short-term loans. already Mr. Peerapat Srisukon, Managing Director of Frasers Property Industrial REIT Management (Thailand) Company Limited or “FIRM” as the REIT manager of FTREIT, revealed that “Under The economic and investment situation has changed as a result of the spread of the COVID-19 virus. Investors are becoming more cautious when considering investing in corporate bonds.
They will choose bonds from issuers with investment grade credit ratings or higher, as well as invest in companies or trusts that have financial standing. and stable operating results which FTREIT still has financial status and good operating results Including having a clear strategic plan for operations. The response exceeded expectations this time. It reflects investors' confidence in the growth potential of FTREIT, Thailand's largest industrial and logistics trust. The creditworthiness of the bonds has been rated by TRIS Rating Company Limited at level A with a stable outlook, which is considered the highest credit rating for industrial trusts in the country.”Thai artists. Attend the Venice Biennale Ready to establish the Thai Cultural Council in Italy GraphicTitle26Oct "Invite Thai people to join in reducing micro dust.