A5 announces the repayment of the AFIVE25NA series of bonds No. 1/2023 with full interest according to the redemption date on November 3, 2025, reflecting the stable liquidity management potential in the midst of volatile market conditions. Prepare to raise funds to issue debentures No. 2/2568, 1 year and 9 months after the previous generation of debentures were fully subscribed (sold out) in a short time to be used to develop 5 new luxury projects on potential locations, strengthen the business, expand future growth, and show a backlog worth more than 600 million baht reinforcing the leadership in the luxury real estate market.
MS.Nichaorn Trithipharat, Chief Financial Officer of Asset Five Group Public Company Limited (“A5”), leading luxury real estate developer specializing in both low-rise and high-rise projects, said that the company has repaid the AFIVE25NA series of debentures, which are debentures No. 1/2023 due for redemption on November 3, 2025, with interest. The repayment was made in full according to the specified conditions, and CIMB Thai Bank Public Company Limited has been assigned as the debenture registrar.
The full repayment of debentures as scheduled this time reflects the financial discipline and the company’s liquidity management potential in the midst of volatile market conditions, reinforcing the confidence of investors and bondholders in the financial strength of A5 and the potential to drive the business firmly in the long term.
This year, A5 continues to move forward with the project development strategy on “Strategic Location” that has a continuous growth potential. Ready to launch 5 new projects by 2028 with a total value of 6,130 million baht to expand the project development portfolio in all potential locations. Currently, the company has sales waiting to recognize revenue (backlog) of more than 600 million baht (as of October 28, 2025) from the Cinq Royal The Eighteen Bangna Km.7, Wana Ratchaphruek-Westville, and Cinquième Krungthep Kreetha projects, which are preparing to gradually recognize revenue in Q4 onwards.
From the confidence of investors that resulted in the first version of the debentures being accepted in full (sold out) quickly, and in order to support the plan to expand the business and develop new projects continuously, the company therefore prepares to move forward with a new round of fundraising. By offering debentures No. 2/2568, with a maturity of 1 year and 9 months, maturing in 2570, of the name-in-name type, of the non-subordinated type, with no insurance, with a representative of the debenture holder. And the issuer has the right to redeem the debentures before the maturity of the redemption rate of 7.50 percent per year and pay interest every 3 months throughout the life of the debentures. The approval has already been granted by the Office of the Securities and Exchange Commission (SEC).
The set of debentures is offered for sale to institutional investors and/or large investors. The subscription date is set between November 4-6, 2025, and offered for sale on November 7, 2025, through 4 debenture underwriters, namely Pi Securities Public Company Limited, Globlex Securities Company Limited, Beyond Securities Public Company Limited, and Merchant Partners Asset Management Limited, with Bangkok Bank Public Company Limited as the debenture registrar and Pi Securities Public Company Limited as the representative of the bondholders.
For the objective to be used as working capital of the company and its subsidiaries. Including enhancing financial liquidity and supporting the expansion of the company’s new business in the future. Ready to develop luxury-quality projects on potential locations, along with disciplined financial management to create stable and sustainable growth. Ready to increase confidence for investors and bondholders in the long term.
