N.C. Housing Public Company Limited Announces Issuance of Debenture in the Amount Not Exceeding THB 1,000 Million
July 19, 2021 at 09:44 am EDT
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With reference to the resolution of the 2021 Annual General Shareholders' Meeting (AGM) of N.C. Housing Public Company Limited which was held on April 23, 2021 for approve the issuance of debenture in the amount not exceeding THB 1,000 Million. The company has already issued and offered debentures as follows: Lot 1: On 20 July 2021, the company issued and offered debentures in the amount of THB 150 Million. The debenture details are as follows:- Name of Debentures: Debentures of N.C. Housing Public Company Limited No. 1/2021, Due 2024. Debentures Type: Name Registered, Unsubordinated and Unsecured Debentures. with no Debentures holders' Representative. Type of offering: Private Placement to no more than 10 investors (PP 10). Interest rate: Fixed Rate 4.85% per annum. Interest Period: Quarterly. Debentures Maturity: 3 years from debentures' issuance date. Issuing Date: July 22, 2021. Maturity Date: July 24, 2024. Objective: To be used as working capital within the company.
N.C. Housing Public Company Limited is a Thailand-based real estate company. The Company and subsidiaries operate its principal business as a real estate developer for trade in various areas such as house for sale including land development, providing construction services, condominium for sale, service apartment, providing rental space in club house. Its segments include Low-rise, High-rise, Rental and services, Property management services, and Intermediate care and wellness. Its projects include Baan Fah Green Park Time Lam Luk Ka Klong 7, Baan Fah Greenery Neola Rangsit Klong 2, Baan Fah Greenery Neola Lam Luk Ka Klong 7, Pinklao Ring Road and Phutthamonthon, Baan Fah Greenery Pinklao-Phutthamonthon Sai 5, and Baan Fah Greenery Theo Pinklao-Petchkasem. The Companyâs subsidiaries include N.C. Property Management Co., Ltd., which is a contractor and project management company and Quality Living Management Co., Ltd., which is engaged in property management services.