ThaiBMA has requested Areeya Property Public Company Limited (SET: A), a Thai property developer, to disclose further information after the company announced a book-closing date on all 14 debentures with a total value of 5,243 million baht.
The list of all 14 debentures are as follows;
A24NA with an issued value of 198.80 million baht, a maturity date on 1 November 2024 and fixed 6.7% coupon rate.
A251A with an issued value of 306.40 million baht, a maturity date on 11 January 2025 and fixed 6.85% coupon rate.
A255A with an issued value of 39.30 million baht, a maturity date on 1 May 2025 and fixed 6.85% coupon rate.
A257A with an issued value of 600 million baht, a maturity date on 1 July 2025 and fixed 7.0% coupon rate.
A258A with an issued value of 165.10 million baht, a maturity date on 11 August 2025 and fixed 6.9% coupon rate.
A258B with an issued value of 101.50 million baht, a maturity date on 9 August 2025 and fixed 6.85% coupon rate.
A25OA with an issued value of 550 million baht, a maturity date on 4 October 2025 and fixed 7.0% coupon rate.
A261A with an issued value of 1,045 million baht, a maturity date on 11 January 2026 and fixed 7.25% coupon rate.
A265A with an issued value of 377.90 million baht, a maturity date on 11 May 2026 and fixed 7.25% coupon rate.
A268A with an issued value of 238.60 million baht, a maturity date on 9 August 2026 and fixed 7.25% coupon rate.
A269A with an issued value of 188.20 million baht, a maturity date on 1 September 2026 and fixed 7.25% coupon rate.
A271A with an issued value of 595.20 million baht, a maturity date on 19 January 2027 and an average 7.92% coupon rate.
A271B with an issued value of 546.70 million baht, a maturity date on 11 January 2027 and an average 7.58% coupon rate.
A275A with an issued value of 290.40 million baht, a maturity date on 11 May 2027 and fixed 7.4% coupon rate.
According to several investors in social media who received an invitation letter from Areeya to attend the debenture holder meeting, the property developer is expecting to propose higher coupon rates in exchange for extending the maturity date of its debt as the current financial position of the company is unable to meet the deadline nor pay interest.
Debenture holders will meet on October 21, 2024, to vote on the agenda.