L.P.N. Development Public Company Limited Announces Issuance of Debentures
May 13, 2022 at 03:53 pm IST
Share
The Annual General Meeting of Shareholders 2022 of L.P.N. Development Public Co. Ltd. held on 24th March 2022 had approved the issuance and offer of debentures for sale at the amount of not exceeding THB 4,000 million. (excluding the offer value of the
debentures of not exceeding THB 2,000 million that were approved by the 2018 Annual General Meeting of Shareholders on 30th March 2018 and excluding the offer value of the debentures of not exceeding THB 4,000 million that were approved by the 2019 Annual General
Meeting of Shareholders on 28th March 2019) The Executive Board of Directors was assigned to have the authority to establish the conditions and other details related to the issuance and offer for sale of the debentures as necessary as well as appoint the distributor of the offer and/or related persons, execute a contract and/or any other documents to produce and/or request for approval from related agencies. The Executive Board of Directors was also to perform all duties to achieve the objectives of the issuance of debentures and abide by related rules, regulations, criteria and law. On this occasion, the Company would like to inform user of the information on the issuance of debentures No.1/2022. It is issued from the outstanding balance of THB 1,052,000,000 approved by the Annual General Meeting of
Shareholders 2019 and the balance of THB 448,000,000 approved by the Annual General Meeting of Shareholders 2022 at the amount of THB 1,500,000,000. It will be offered to general investors and institutional investors the details are as follows: Type: Debentures that are with registered holders, unsubordinated and unsecured with a debenture holders representative. Type of Investors: Offered to general investors and institutional investors. No. of Debentures: Not exceeding 1,500,000 (One Million Five hundred thousand) units. Value per Unit: THB 1,000 (One Thousand) per unit. Offer Price: THB 1,000 (One Thousand) per unit. Total Offer Value: THB 1,500,000,000. Date of Issue: 13th May 2022. Maturity Date: 13th May 2025. Tenor: 3 years from the date of issuance. Interest Rate: 4.10% per year. Date of Interest Payment: The issuer will pay interest every 3 months.
L.P.N. Development Public Company Limited is engaged in the real estate business. The Company's segments include Real estate, Rent & Service, Service & Management, and Others. The Company is an integrated urban housing developer. It offers a full range of services ranging from repair, construction management or renovation of the unit, including modification of various equipment in the unit such as light bulbs. The Companyâs portfolio includes Lumpini Select charan 65-Sirindhorn Station, Lumpini Place Taopoon Interchange, Lumpini Park Phahon 32, Venue 168 Khukhot Station, Venue 168 Westgate, Lumpini Townville Saimai18-Phahonyothin, Lumpini Suites Din Daeng Ratchaprarop, and Lumpini Suites Phetchaburi-Makkasan, among others. Its LPN Care provides payment service for expenses, such as water, electricity, and central fees through bill payment system; parcel notification service; repair service; and online forensic communication. It also advises on property management.
L.P.N. DEVELOPMENT 
