WHA Premium Growth Freehold And Leasehold Real Estate Investment Trust : Issuance of Debentures
August 04, 2022 at 09:38 am EDT
Share
No. REMS031/2022-EN
4 August 2022
Subject:
Issuance of Debentures
To:
President
The Stock Exchange of Thailand
WHA Real Estate Management Company Limited in its capacity of the REIT Manager of WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust ("WHART") hereby informs that on 4 August 2022, WHART issued the debentures in the amount of Baht 100,000,000 Baht (One Hundred Million Baht). The summary of the debentures is shown in the attached.
Please be informed accordingly.
Yours sincerely,
(Mr. Anuwat Jarukornsakul)
Chief Executive Officer
WHA Real Estate Management Company Limited
REIT Manager
Summary of Debentures issued by
WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust
(Baht 100,000,000)
Name of the Issuer of Debentures
WHA Premium Growth Freehold and Leasehold Real Estate Investment
Trust
Underwriter
United Overseas Bank (Thai) Public Company Limited
Registrar of Debentures
CIMB Thai Public Company Limited
Debenture Holders' Representative
None
Specific Name of Debentures
"Debentures of WHA Premium Growth Freehold and Leasehold Real
Estate Investment Trust No. 2/2565 Due 2567"
Type of Debentures
Unsubordinated and unsecured debentures entered in name without
debentureholders' representative
Amount of Offered Debentures
100,000 (One Hundred Thousand) units
Par value
1,000 (One Thousand) Baht
Offering Price per Unit
946.13 Baht (Nine Hundred Forty Six Baht Thirteen Satang) (after
deducting discount interest)
Value of Offered Debentures
100,000,000 (One Hundred Million) Baht
Term of Debentures
2 (two) years 10 (ten) days from the issuing date
Issuing Date
4 August 2022
Maturity Date
14 August 2024
Interest Rate
Discount interest rate 2.75 (two point seven five) percent per year for
the entire term of Debenture
Payment of Debentures
No interest rate
Repayment of Principal
One time repayment on the maturity date. If the maturity day does not
fall on a business day, the repayment shall be made on the next
business day.
Right of holders of Debentures to redeem
None
the Debentures prior to the maturity date
Right of WHART to redeem Debentures
None
prior to the maturity date
Repurchase of Debentures
WHART has the right to repurchase the Debentures from the secondary
market at any time. But, if WHART makes a tender offer of the
repurchase of the Debentures, WHART shall tender its offer of
repurchase of the Debentures to every holder of the Debentures and
- 2 -
shall equally repurchase the Debentures from all the holders who wish
to sell back the Debentures proportionately to the number offered by
WHART. Upon repurchase of the Debentures, the obligations under the
Debentures shall be extinguished due to the merge by the operation of
law. WHART may no longer offer such Debentures for sale.
Status of Debentures
The Debentures are WHART's indebtedness having the same status for
every unit. The holders of the Debentures have the right to receive
payment not inferior to the right to receive payment of the ordinary,
uncredited and unsubordinated creditors of WHART, whether presently
or in the future except for the debts protected by law to have priority to
receive payment.
Registration of Debentures
The Debentures so offered will be registered with the Thai Bond Market
Association within the issuing date of the Debenture and shall be
maintained as listed debt instrument with The Thai Bond Market
Association during the term of the Debentures.
- 3 -
Attachments
Original Link
Original Document
Permalink
Disclaimer
WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust published this content on 04 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 August 2022 13:37:07 UTC.
WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust is a real estate investment trust (REIT). The Trust's objective is to seek funds from investors, investing mostly in property or property leasehold rights and generating benefit from such properties including to improve, alter, develop or dispose of other assets in which the Trust invests or possesses whatsoever lease, sub-lease or sale or other processes for the benefit of the property and create the revenue and return to the Trust and the unitholders. This includes the investment in other assets or other securities or seeking other interest by other means as stipulated in the securities laws or other relevant laws. It focuses on investing in industrial assets, which ranges from distribution centers, warehouses, factories, immovable properties, and other equipment relating to investment properties. WHA Real Estate Management Company Limited is the REIT Manager of the Company.