MQDC delighted with investors' response to bonds Indicates that the total subscription amount exceeds the offering amount. It reflects investors' confidence in the business.

MQDC (Magnolia Quality Development Corporation Limited), a leading real estate developer company. Highly successful from the latest bond offering. Investors reserved the latest lot of bonds in excess of the offering value of 1,500 million baht, so they allocated an additional 500 million baht of bonds in the greenshoe option, for a total value of bonds issued of 2,000 million baht amidst investment conditions in the bond market. High volatility Reflects investors' confidence in MQDC business.

Mr. Wisit Malaisirirat Chief Executive Officer of MQDC said that he is very pleased that MQDC's bonds have consistently received a good response from investors. The latest version was presented on 10 November and 13-14 November 2023. The latest batch of MQDC bonds received a good response. Both the portion offered for sale of 1,500 million baht and the greenshoe portion of another 500 million baht were quickly sold out. And there are still many investors waiting to buy bonds in the waiting list. It reflects investors' confidence in the company. Amidst the volatility of the bond industry

“I, as the executive of MQDC, would like to express my gratitude to the investors who have placed their trust in MQDC this time and always,” Mr. Visit said.

In this regard, the fund raising from bonds amounted to 2,000 million baht this time. The main objective is to invest. and develop the Cloud 11 project, a mega-level mixed-use project. This is an area developed under the concept of supporting creators and helping to drive the creative economy. The project is currently under construction. It is scheduled to be completed and begin service in late 2024.

Mr. Visit said that in addition to the aforementioned Cloud 11 project, the company is also accelerating the development of The For-estias project, which will be gradually completed in 2024. It is expected that residential projects such as Whizdom Destinia, Whizdom My-topia and Whizdom Petopia will gradually be completed. Can be transferred to customers From the beginning of this year

Such bonds Offered for sale between 10 November and 13-14 November 2023 as guaranteed bonds. Maturity 2026, distributed by Yuanta Securities (Thailand) Company Limited, Asia Plus Securities Company Limited, Dao Securities (Thailand) Company Limited and UOB Kay Hian (Thailand) Public Company Limited.

Source:https://www.thansettakij.com/pr-news/real-estate/581637

at 23/11/2023

​