ANAN presents risky bonds: high interest rates and real estate in Phuket!

ANAN presents risky bonds: high interest rates and real estate in Phuket!

There is a lot going on in the real estate market in the heart of Phuket. Ananda Development Public Company Limited, or ANAN for short, has announced exciting news. How Line Today reports, ANAN plans to issue two new bond series with maturities of 1 year and 9 months and 2 years and 3 months.

What's special is that these bonds are backed by valuable properties in Phuket with an estimated value of at least 1.50 times the bond value. This is how ANAN wants to gain the trust of investors. The planned interest rate range of 6.90% to 7.20% also sounds very tempting. The subscription period for the bonds extends from December 3rd to 8th, 2025.

Strong financial position and growth plans

ANAN currently has a whopping THB 7.481 billion backlog, and revenue recognition is expected to continue into 2026. This shows that the company has a good knack for investments. Loud Mao investor However, the bond is classified as high risk, even though ANAN has been paying interest and repayments regularly since 2023 and has already raised a total of over 17.928 billion THB in funds.

The bond issue aims to replace the bond ANAN261A, which matures on January 15, 2026. ANAN has emphasized strict financial discipline and significantly reduced its bond debt. This is particularly well received given the current economic challenges.

Projects in the pipeline

Speaking of challenges: Despite the difficult situation on the market, ANAN has four projects in the pipeline that are about to be sold. Recent successes include the properties “Culture Thonglor” and “Culture Chula”, which together generated an impressive 1.767 billion THB in sales.

ANAN also plans to open three new projects in 2025, with a total value of over 12,098 million baht. These new developments are expected to provide additional stimulus to Phuket's economy and demonstrate how important the real estate sector is to the region.

Phuket real estate market

Again Thai Residential analyzed, the real estate market in Phuket is particularly characterized by foreign investors and differs significantly from other regions of Thailand. The diversity of nationalities and property types makes the island an interesting destination for investment. The tourism business attracts many buyers, and the low interest rates currently offer a favorable opportunity for property buyers.

High demand has allowed the real estate market to flourish and created stable jobs for the local population over two decades. There are properties in Phuket that are well suited for investment because they are attractive to those interested in renting. The potential is enormous and the dynamics in the sector give hope for an exciting future.

In summary, with its plans and focus on sustainable growth, ANAN remains a key player in Phuket's ever-changing real estate market.