FTREIT's raises THB 2,090 million in capital increase exercise, exceeding subscription target

Press Releases » พฤหัสบดี 28 ธันวาคม 2566 12:02 น.

Frasers Property Thailand Industrial Freehold & Leasehold REIT or (FTREIT), has raised THB 2,090 million from trust unitholders in its capital raising exercise that was 122% subscribed. In total, 220,000,000 trust units were priced at THB 9.50 per trust unit, offered to members of the general public who are existing trust unitholders by means of the General Mandate.

FTREIT's raises THB 2,090 million in capital increase exercise, exceeding subscription target

Mr. Thanarat Boonyakosol, Managing Director of Frasers Property Industrial REIT Management (Thailand) Company Limited or "FIRM", REIT manager of Frasers Property Thailand Industrial Freehold & Leasehold REIT or (FTREIT), said: "We are encouraged by the strong support received from our existing institutional and retail investors. This capital increase exercise was oversubscribed by 122%, with applications received for 220,000,000 units. The result affirms investors' confidence in FTREIT's solid performance and steady growth from our proactive asset management and high performing asset investment expansion." FTREIT's raises THB 2,090 million in capital increase exercise, exceeding subscription target

Currently, FTREIT has been assigned a rating of 'A/Stable' by TRIS rating. FIRM will utilise the raised capital received to repay loans used for the redemption of matured debentures in 2023, maintain the appropriate ratio of FTREIT's interest-bearing debt to total asset value, reduce burden of interest expense, and prepare for investment opportunities in additional potential assets in future.

'Retail Without Borders' - how Frasers Property Thailand engaged evolving consumer behaviour at Samyan Mitrtown

For the past six years, amid evolving consumer preferences, Frasers Property Thailand's (FPT) Samyan Mitrtown mall has maintained a healthy occupancy rate of 98% and an average daily footfall of over 80,000 visitors, underscoring the mall's strength and its ability to attract diverse consumer segments. At the heart of its success is its management strategy for Samyan Mitrtown, positioning the mall as a next-generation retail destination that caters to evolving consumer behaviour. Built on the

01 ธันวาคม 2568 13:48 น.

FTREIT's raises THB 2,090 million in capital increase exercise, exceeding subscription target

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'Retail Without Borders' - how Frasers Property Thailand engaged evolving consumer behaviour at Samyan Mitrtown