ASW Prepares for Its First Public Debenture Offering with Interest of 5.25-5.90% Per Annum, Expected Subscription November 2-4, Showcasing BBB Corporate Rating Affirming Strong Financials and Continuous Growth

 

Assetwise Public Company Limited (ASW) is preparing to offer debentures to the general public for the first time – registered, subordinated, unsecured debentures with a debenture holder representative, in 2 tranches, with fixed interest rates between 5.25-5.90% per annum, paying interest every 3 months throughout the life of the debentures. Minimum investment is 100,000 baht, with subscriptions expected to open on 2-4 November 2026 through 16 financial institutions. The credibility of the debentures is guaranteed with an Investment Grade rating, and the corporate credit rating has been upgraded to “BBB/Stable” by TRIS Rating, reflecting strong financial standing and continuous growth potential in the real estate business, with a solid backlog of 38,181 million baht recognized as revenue on an ongoing basis 

 

Mr. Kornchet Wiphanpong, Chief Executive Officer of Assetwise Public Company Limited (ASW), stated that the company is preparing to offer registered, subordinated, unsecured debentures with a debenture holder representative to institutional investors and/or retail investors (Public Offering) for the first time, in 2 tranches: a 2-year 6-month tranche with a fixed interest rate of 5.25-5.35% per annum, and a 3-year 3-month tranche with a fixed interest rate of 5.70-5.90% per annum, with interest paid every 3 months throughout the life of the debentures 

 

Currently, ASW has submitted the registration statement and draft prospectus (Filing) for the debenture offering to the Office of the Securities and Exchange Commission (SEC) for consideration and approval of the debenture offering, and expects to open subscriptions for the general public for both tranches at a price of 1,000 baht per unit

 

Minimum subscription is 100,000 baht, with increments of 100,000 baht, through 16 leading financial institutions, with the offering expected to take place during 2-4 November 2026. In addition, beyond the returns, ASW debenture holders will also receive special membership privileges in the “Debenture Club” to join exclusive activities such as movies, concerts, travel, and other special events from ASW throughout the year

 

These debentures have been rated by TRIS Rating Co., Ltd. on 7 September 2026 at “BBB-” with a Stable outlook, which is an Investment Grade level, as is ASW’s corporate credit rating, which has been upgraded to “BBB” with a “Stable” outlook, reflecting the strength of the company’s financial position and its business portfolio diversification strategy that generates stable growth

 

Mr. Kornchet added that the company has consistently achieved success in offering debentures to institutional investors and major investors. This first offering to the general public represents an option that will allow retail investors to access investment in ASW debentures more conveniently and comprehensively

 

The company plans to use the proceeds from this new debenture issuance to repay debentures reaching maturity and to fund business expansion, focusing on developing real estate projects in Strategic Locations with strong economic potential and clear demand for housing, especially locations near educational institutions and tourist cities.

 

For the first six months of operations (Jan.-Jun.) of 2026, the company generated total revenue of 5,691 million baht, growing 57% from the same period last year (YoY). Combined with efficient cost management, the company achieved a Gross Profit Margin as high as 43%, resulting in a net profit of 792 million baht, an increase of 98% (YoY).

 

The key factor enabling ASW to maintain growth in both revenue and net profit amid industry challenges was the progressive transfer of ownership of Campus Condo projects during the new school term opening period, and the Leisure Residence project in Phuket province, developed by its subsidiary Rom Pho Property Public Company Limited (TITLE), which has been delivering continuously 

 

Meanwhile, ASW also plans to deliver 11 newly completed projects this year, with a total value of more than 26,760 million baht — an all-time high record — along with backlog (sales awaiting revenue recognition) as of the end of Q2/2026 totaling more than 38,181 million baht, which will be progressively recognized as revenue through 2028.

 

For general retail investors interested in subscribing to ASW debentures, more details can be found in the draft prospectus at www.sec.or.th, or by contacting the 16 financial institutions serving as placement agents for this debenture offering, as follows:

1. Asia Plus Securities Public Company Limited : 02-680-4004
2. Bluebell Securities Company Limited : 02-249-2999 
3. Yuanta Securities (Thailand) Company Limited : 02-009-8351-6 
4. CGS International Securities (Thailand) Company Limited : 02-846-8675
5. Krungthai Xspring Securities Company Limited : 02-695-5555
6. Dao Securities (Thailand) Public Company Limited : 0 2351 1800 press 1
7. KGI Securities (Thailand) Public Company Limited : 02-658-8945
8. Maybank Securities (Thailand) Public Company Limited : 02-658-5050
9. PIYA Securities Public Company Limited : 02-205-7000 ext. 7387
10. Beyond Securities Public Company Limited : 02-820-0100
11. Merchant Partner Securities Public Company Limited : 02-660-6688
12. UOB Kay Hian Securities (Thailand) Public Company Limited : 02-659-5273
13. Finansa Cyrus Securities Public Company Limited : 02 625 2422
14. Phillip Securities (Thailand) Public Company Limited : 02-153-9290 ext. 8163
15. Trinity Securities Company Limited :  02-343-9541 ext. 9543
16. Globex Securities Company Limited : 02-687-7543