Country Chief Executive Officer, Frasers Property Thailand <\/strong>said that the Company had been receiving overwhelming responses from institutional investors for debenture subscriptions. The THB 5 billion debenture with the fixed interest rate at 2.16% at three-year maturity will be issued on 6 May 2021.<\/p>\nThe institutional investors regard FPT as a resilient company with capabilities to grow sustainability and thrive amid challenges through its diversified portfolio in fulfillment of its \u2018One Platform\u2019 strategy.\u00a0 The combination of its strong financial position, financial discipline and effective management drove demand for FPT\u2019s debenture. Pursuing sustainable growth for the Company, the proceeds from the debenture issuance will be used for repayment of borrowings, future developments, and investments.<\/p>\n
TRIS Rating has affirmed the company rating on Frasers Property (Thailand) PLC (FPT) at \u201cA-\u201d with a \u201cstable\u201d outlook. The rating reflects FPT\u2019s leading position as an integrated property development company, its growing brand recognition and revenue in the residential property market, and proven track record in ready-built factories and warehouses for rent. The rating also takes into consideration FPT\u2019s status as a strategically important member of Frasers Property, a multi-national developer-owner-operator of real estate products and services listed on the Main Board of the Singapore Exchange Securities Trading Limited. KASIKORNBANK Public Company Limited and United Overseas Bank (Thai) Public Company Limited are the arrangers of this debenture issuance.<\/p>\n","show_on_feature":true,"short_description":"Frasers Property (Thailand) Public Company Limited or \u201cFPT\u201d, the first fully integrated real estate platform in Thailand, successfully issued a three-year debenture for THB 5 billion with an overwhelming oversubscription of 4.5 times. ","thumbnail_image":{"ID":234662,"id":234662,"title":"Mr. Thanapol Sirithanachai, Country Chief Executive Officer (Country CEO), Frasers Property Thailand (1)","filename":"Mr.-Thanapol-Sirithanachai-Country-Chief-Executive-Officer-Country-CEO-Frasers-Property-Thailand-1.jpg","url":"https:\/\/propholic.com\/wp-content\/uploads\/2021\/05\/Mr.-Thanapol-Sirithanachai-Country-Chief-Executive-Officer-Country-CEO-Frasers-Property-Thailand-1.jpg","alt":"","author":"73","description":"","caption":"","name":"mr-thanapol-sirithanachai-country-chief-executive-officer-country-ceo-frasers-property-thailand-1-2","date":"2021-05-05 06:14:26","modified":"2021-05-05 06:14:26","mime_type":"image\/jpeg","type":"image","icon":"https:\/\/propholic.com\/wp-includes\/images\/media\/default.png","width":1200,"height":800,"sizes":{"thumbnail":"https:\/\/propholic.com\/wp-content\/uploads\/2021\/05\/Mr.-Thanapol-Sirithanachai-Country-Chief-Executive-Officer-Country-CEO-Frasers-Property-Thailand-1-150x150.jpg","thumbnail-width":150,"thumbnail-height":150,"medium":"https:\/\/propholic.com\/wp-content\/uploads\/2021\/05\/Mr.-Thanapol-Sirithanachai-Country-Chief-Executive-Officer-Country-CEO-Frasers-Property-Thailand-1-300x200.jpg","medium-width":300,"medium-height":200,"medium_large":"https:\/\/propholic.com\/wp-content\/uploads\/2021\/05\/Mr.-Thanapol-Sirithanachai-Country-Chief-Executive-Officer-Country-CEO-Frasers-Property-Thailand-1-768x512.jpg","medium_large-width":640,"medium_large-height":427,"large":"https:\/\/propholic.com\/wp-content\/uploads\/2021\/05\/Mr.-Thanapol-Sirithanachai-Country-Chief-Executive-Officer-Country-CEO-Frasers-Property-Thailand-1-1024x683.jpg","large-width":640,"large-height":427,"1536x1536":"https:\/\/propholic.com\/wp-content\/uploads\/2021\/05\/Mr.-Thanapol-Sirithanachai-Country-Chief-Executive-Officer-Country-CEO-Frasers-Property-Thailand-1.jpg","1536x1536-width":1200,"1536x1536-height":800,"2048x2048":"https:\/\/propholic.com\/wp-content\/uploads\/2021\/05\/Mr.-Thanapol-Sirithanachai-Country-Chief-Executive-Officer-Country-CEO-Frasers-Property-Thailand-1.jpg","2048x2048-width":1200,"2048x2048-height":800}},"user_id":"","user_delete":false},"_links":{"self":[{"href":"https:\/\/propholic.com\/en\/wp-json\/wp\/v2\/prop-now\/234667"}],"collection":[{"href":"https:\/\/propholic.com\/en\/wp-json\/wp\/v2\/prop-now"}],"about":[{"href":"https:\/\/propholic.com\/en\/wp-json\/wp\/v2\/types\/prop-now"}],"author":[{"embeddable":true,"href":"https:\/\/propholic.com\/en\/wp-json\/wp\/v2\/users\/1"}],"version-history":[{"count":0,"href":"https:\/\/propholic.com\/en\/wp-json\/wp\/v2\/prop-now\/234667\/revisions"}],"wp:attachment":[{"href":"https:\/\/propholic.com\/en\/wp-json\/wp\/v2\/media?parent=234667"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/propholic.com\/en\/wp-json\/wp\/v2\/tags?post=234667"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}