SC Asset Corporation Plc (SC Asset) is getting ready to launch a new series of 3-year debentures targeting institutional investors and/or high-net-worth individuals. The debentures will be launched between July 1 and July 4-5, 2022.

With a credit rating of “BBB+” and a “stable” outlook or “investment grade” from TRIS Rating as of October 25, 2021, the company is confident its debentures will get positive feedback from investors. Especially those looking to spend on a company with a consistent growth rate and satisfactory returns.

Mr Attapol Sariddipuntawat, SC Asset’s chief corporate officer, said the company has submitted its debenture offering report and draft prospectus to the Securities and Exchange Commission (SEC) for the issuance of 3-year unsubordinated, unsecured debentures with a focus on institutional investors and/or high-net-worth individuals (PP-II&HNW). The debentures offer fixed interest rates, and their credit rating will be announced later in June.

The company will add the funds raised with the issuance to its working capital for use in furthering and expanding its business.

Mr Attapol said this issuance will mainly focus on high-net-worth investors who are natural persons or corporations because previous SC Asset issuances focused more on institutional investors. As a result, he said, many natural persons and juristic persons missed out on investment opportunities.

He added that this was a good opportunity for large investors to participate in the company’s growth.

“SC Asset is confident its debentures will get positive feedback, especially since the company’s business has been growing continuously despite the COVID-19 pandemic. In 2021, the company achieved a record high of 19.553 billion baht in revenue, over 21.804 billion baht in sales and over 2.062 billion baht in net profit. In addition, the ‘BBB+’ rating from TRIS Rating reflects the company’s strong position in the middle- to upper-housing market with a price level of 10 million baht and above,” he said.

For 2022, the company is targeting 22 billion baht in presale and revenue with plans to launch 27 new residential projects worth 41.2 billion baht. Of the total, 25 projects worth 34.7 billion baht will be single-detached houses going for more than 10 million baht per unit. SC Asset is a market leader in this segment.

The remaining two will be condominium projects worth 6.5 billion baht located close to the Wong Wian Yai and Thonglor BTS Skytrain stations. Land for all 27 projects has already been acquired.

In the first quarter of 2022, the company has recorded 5.285 billion baht in presales, 3.609 billion baht in sales income, 3.854 billion baht in total revenue and 388 million baht in net profit. The company launched two projects in the first quarter, namely Pave Petchakasem Sai 4 and V Compound Bangna-Sri Nakarin.

In the second quarter, SC Asset is launching 10 new residential projects worth 17.2 billion baht, nine of which provide horizontal housing and one vertical.

As of May 31, 2022, the company has put five new projects on the market generating total presales of 1.2 billion baht and will launch the remaining five before the end of June. The company’s accumulated presales from January to May 2022 have been worth more than 9.3 billion baht.

Those interested in investing in SC Asset’s debentures can contact the underwriters for more information. The underwriters are:

– Kasikornbank Plc: Call 02-888-888 extension 819.

(Natural persons can book online via  https://www.kasikornbank.com/kmyinvest, while foreigners and corporations can subscribe via the head office and branches.)

– CIMB Thai Plc: Call 02-626-7777

(Natural persons can book online through the CIMB Thai mobile application.)

– TMBThanachart Plc: Call 1428 extension #4 or visit any of its branches.

Note:

The company is in the process of filing the registration statement and draft prospectus with the SEC and the issuance is not yet effective.

The allocation is at the discretion of the debenture underwriter. Distribution conditions are as stipulated in the draft prospectus.

Warning:

Please understand product features, conditions, returns and risks before making an investment decision. Investment is risky and potential investors should study the information provided in the draft prospectus before making a decision. Investors can study details in the registration statement and draft prospectus provided below.