A5 moves forward with capital structure management through the offering of debentures No. 1/2569, with an expected interest rate of 7.20–7.30% per annum, a tenor of 1 year and 6 months, interest payable every 3 months, to institutional and/or large investors. The subscription period is expected on 19–21 October 2569. For institutional and large investors, A5 highlights its track record of full repayment of both principal and interest for every debenture issue that has reached maturity
Along with a revenue base from a Backlog of 985.25 million baht, while the CINQ ROYAL The Eighteen Bangna KM.7 project has already achieved approximately 80% in sales, bucking the market trend of increasingly cautious buyers, with only the final units remaining before closing Phase 1 in less than 2 years, reflecting the success of a project with clear selling points that precisely meets the needs of high-end customers
Miss Nitchanorn Tritipbunnarat, Chief Financial Officer of Asset Five Group Public Company Limited (A5), a leader in luxury horizontal-vertical real estate development, revealed that A5 has submitted a draft registration statement for the offering of debt securities to the Office of the Securities and Exchange Commission on 7 September 2569.
For debentures No. 1/2569 with a tenor of 1 year and 6 months, an expected interest rate of 7.20–7.30% per annum, interest payable every 3 months throughout the tenor of the debentures. The subscription period is expected to be open from 19–21 October 2569, with a minimum subscription amount of 100,000 baht and multiples of 100,000 baht thereafter. In this regard, the details and conditions of the offering are in accordance with the Filing form and related documents
The objective of this debenture offering is to repay the AFIVE272A debentures, which are due for redemption on 8 February 2570, in line with the systematic management of the capital structure and debt burden. To date, A5 has issued a total of 5 debenture series with a combined value of 1,311 million baht. Three series totaling 942.30 million baht have reached maturity, and the company has fully repaid both principal and interest for every series that has reached maturity
“This debenture issuance is part of managing the capital structure to align with the business plan and the project development cycle. The company places great importance on continuously managing liquidity, debt burden, and financial costs to support growth on an appropriate financial base,” said Miss Nitchanorn.
The joint lead underwriters consist of Dao Securities (Thailand) Public Company Limited, Pae Securities Public Company Limited, Merchant Partner Securities Public Company Limited, CGS International Securities (Thailand) Company Limited, and Globlex Securities Company Limited, with Bangkok Bank Public Company Limited as the debenture registrar and Dao Securities (Thailand) Public Company Limited as the debenture holders’ representative
Mr. Supachok Panjatrap, Chief Executive Officer of Asset Five Group Public Company Limited, or A5, added that for the second half of 2026, the company is preparing to drive growth in 3 areas: managing a backlog worth a total of 985.25 million baht in order to progressively recognize revenue from the second half of 2026 through 2027, generating new sales to support future growth, and expanding into potential new projects and businesses.
The company will accelerate construction management, inspection, and handover of key projects, namely CINQ ROYAL The Eighteen Bangna KM.7 and CINQUIÈME Krungthep Kreetha, alongside reaching Real Demand customers through customer data, Private Preview events, and partnerships with health, lifestyle, financial, and premium brand partners.
One of the works that reflects the ability to develop products that precisely match the market is CINQ ROYAL The Eighteen Bangna KM.7, a Private Pool Residences project of only 18 homes on a golf course-fronting location, which has already achieved approximately 80% in sales, leaving only the final units before closing Phase 1 in less than 2 years.
This response reflects that Real Demand in the luxury housing market still holds potential for projects that can clearly differentiate themselves, whether in terms of privacy, large usable space, limited number of units, and designs that support multi-generational family living.
“The luxury housing market still offers opportunities for developers who understand customers and can create genuinely differentiated products. A5 is therefore moving forward with new project development, leveraging its expertise into potential businesses, and building new partnerships to increase revenue sources and expand the scope of growth, under prudent and flexible financial management,” said Mr. Supachok.
Warning: Investment involves risks. Investors should study and understand the characteristics of the product, return conditions, and risks before making an investment decision. Investors can find more details in the prospectus and draft prospectus at www.sec.or.th
