RML has successfully issued and offered its latest round of corporate bonds, receiving overwhelming interest from investors. The total subscription exceeded the initial target of THB 300 million, reaffirming strong investor confidence in the company's business strategy and long-term vision. Building on this momentum, RML is set to launch a luxury mixed-use development in Phuket in Q2, with a total project value of THB 10 billion. The company has set an ambitious sales target of THB 7.5 billion for 2025, representing an 80% growth compared to the previous year.
Mr. Korn Narongdej, Chairman of the Executive Committee of RML or Raimon Land Public Company Limited, said, "This bond issuance was divided into 4 tranches under Bond Series 1, 2, 3, and 4 - Series 2/2025, offering a maximum interest rate of 7.3%. These are named, secured, and senior bonds, which were open for subscription between March 5-6 and 11-13, 2025. The offer received an overwhelmingly positive response from investors, resulting in total subscriptions exceeding our initial target of THB 300 million. This achievement underscores the strong trust investors have in RML and our steadfast business direction. We remain committed to driving RML as a leader in luxury andultra-luxury real estate development, delivering high-value projects that generate sustainable returns for our investors and stakeholders in the long run."
As part of its ongoing business expansion, RML is preparing to launch a luxury mixed-use development in Phuket in Q2 2025. This branded residence project will feature ultra-luxury villas and a hotel, catering to high-net-worth individuals (HNWIs) both domestically and internationally. The project is designed for affluent buyers seeking prime residential properties, including second homes, retirement residences, and high-end vacation accommodations in one of Phuket's most prestigious locations.
Mr. Korn concluded "For 2025, we have set a sales target of THB 7.5 billion, representing an 80% increase from the previous year. We remain committed to executing our strategies with precision, both internally and externally. Internally, we have restructured our organization to enhance operational efficiency and agility, ensuring sustainable long-term growth. Externally, we are continuing our expansion by introducing new developments that generate recurring income. Alongside these initiatives, we are focused on cost efficiency, maintaining strong liquidity, and reinforcing our financial structure to support stable and sustainable growth."