Ananda launches new condo project, hybrid bonds

Real Estate September 12, 2018 01:00

By The Nation

Listed property firm Ananda Development is launching its latest condominium project, Ideo Ratchada-Suthisarn worth Bt1.6 billion, with units starting at Bt2.49 million.

The project will open to online bookings on September 25, the company’s CEO Chanond Ruangkritya said yesterday.

Ananda Development has appointed CIMB Thai bank to be its underwriter and issue hybrid bonds that offer an interest rate of 8.5 per cent for the first five years. Bonds can be booked from September 20 to 25, he said.