Raimon Land Pcl. is pleased to announce the successful placement of a 750 M THB debenture fully subscribed by Lehman Brothers. Proceeds will be used for continued expansion of our development pipeline.
This debenture is a market rate facility provided by Lehman Brothers and uniquely structured against the cash flow from the receivables of our existing sale and purchase contracts primarily at Northshore, Pattaya.
Mr. Nigel Cornick, CEO of Raimon Land commented, “As we push ahead with the introduction of additional grade ‘A’ residential condominium developments in Thailand, funding facilities such as the one established by Lehman Brothers, will help ensure that we maintain a consistent pipeline of projects and revenue for the company for the foreseeable future.”
Pictured from left to right are Mr. Kitti Tungsriwong, COO – Raimon Land Pcl, Mr. Nigel Cornick, CEO – Raimon Land Pcl and Mr. Blake Olafson, Vice President – Global Real Estate Group, Lehman Brothers (Thailand) Limited.
Further information
RAIMON shares are listed on the Stock Exchange of Thailand and its major shareholders include Seamico Securities Plc., one of Thailand’s largest stockbrokers. Further information concerning the Company can be obtained from its website at www.raimonland.com
Mr. Nigel J. Cornick, Chief Executive Officer, Raimon Land Public Company Limited, 22nd Floor, The Millennia Tower62 Langsuan Road, Pathumwan, Bangkok 10330, Tel: +66 (0) 2651-9600 to 4, Fax : +66 (0) 2651-9614, E-mail :
[email protected]
Khun Kitti Tungsriwong, Chief Operating Officer, Raimon Land Public Company Limited, 22nd Floor, The Millennia Tower62 Langsuan Road, Pathumwan, Bangkok 10330, Tel: +66 (0) 2651-9600 to 4, Fax : +66 (0) 2651-9614, E-mail :
[email protected]
Nuttaporn Tangwongsan
Francom Asia Ltd.
Tel. (66) 02 233 4329 / 30 / 38 / 39 , 02 267 0820, 02 636 8339
Fax (66) 02 236 8030
E-mail:
[email protected] Website: www.francomasia.com
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