Ananda Development Public Company Limited (ANAN) has filed a draft registration statement with the Securities and Exchange Commission (SEC) to issue and offer high-risk, secured, non-subordinated bonds with a call option, with a 1-year term maturing in 2027, carrying an interest rate of 6.70% per annum, payable quarterly. The bonds will be offered to institutional investors and/or high-net-worth investors, secured by one plot of land in Phuket with an appraised value of approximately 303.70 million baht, representing a collateral ratio of no less than 1.50 times the value of the bonds issued and offered. The subscription period is from September 25 to 28, 2026, with Yuanta Securities (Thailand) as the underwriter and Asia Plus Securities as the bondholders' representative. The company has a credit rating of BB from Tris Rating as of March 23, 2026, and intends to use the proceeds for short-term working capital.
Ananda Development Public Company LimitedANAN issues 1-year secured bonds at 6.70% to raise short-term working capital, a financing event.
Asia Plus Group Holdings PCL