Full Repayment via Thailand's First Initial Coin Offering
We are pleased to announce the full repayment of Project Siri, a USD46.4m senior secured financing to a Thai property developer.
ADM Capital’s financing was secured by a Grade A office building complex and carpark in a prime Bangkok location.
The Borrower repaid our loan via Thailand’s first Digital Coin IPO of real estate backed tokens. The coin offering was well oversubscribed with demand from retail and high net worth investors.