Raimon Land Public Company Limited

Raimon Land Public Company Limited (RML) has filed a draft registration statement with the Securities and Exchange Commission (SEC) to issue and offer high-risk, secured subordinated non-subordinated bonds with an early redemption option, paying interest every 3 months, offered to institutional and/or high-net-worth investors. The bonds are divided into two tranches: Tranche 1 has a term of 1 year 4 months 27 days, maturing in 2028, and Tranche 2 has a term of 1 year 4 months 14 days, also maturing in 2028. Both tranches carry an interest rate of 7.35% per annum. Collateral includes cash in a collateral account at a ratio of 1:1 and/or condominium units in The River 3 project, totaling 1,922.67 square meters, valued at 442.21 million baht (first mortgage), and The Cube podium building units, totaling 2,163.62 square meters, valued at 475.99 million baht (second mortgage, subordinate to RML281A bonds with principal of 265.20 million baht). Also included are a vacant land plot at Sukhumvit 28, 116.9 square wah, valued at 233.8 million baht, and five land plots in Samut Prakan, 358 square wah, valued at 7.51 million baht (first mortgage). The collateral value must be maintained at no less than 1:1 of the principal. Subscription for Tranche 1 opens from September 29 to October 1, 2026, and for Tranche 2 from October 8 to 14, 2026. KPM Securities is the underwriter and bondholders' representative. Proceeds will be used to repay debt from bond issuance, other group debts, and as short-term working capital.