Bangkok--9 Sep--Krungthai Card
Mr. Rathian Srimongkol, President & Chief Executive Officer of “KTC” or Krungthai Card Public Company Limited, reveals, “KTC is issuing the new debenture NO.10/2557 with a tenor of 3 years, 9 months and 23 days. The coupon is fixed at 4.25 percent per annum for the 1st to 3rd Years and 4.50 percent per annum for the remaining 9 months and 23 days (an average coupon of 4.30 percent per annum), paid quarterly. The offering size is up to 4 Billion Baht. The subscription periods are divided in to 2 phases. For the 1st phase, the expected subscription period will be from September 24th to 26th, 2014 offering to the non-institutional debentureholders of KTC 14OA, which will be matured on October 17th, 2014, and their name appear in the book closing date of August 21st, 2014. For the 2nd phase, the expected subscription period will be from October 13th to 16th, 2014 offering to general, non-institutional investors. The registered, unsubordinated, unsecured debenture with a debentureholders’ representative has its minimum subscription amount of 100,000 Baht and multiplies by 100,000 Baht.”
“For this offering, existing debentureholders (KTC14OA) have the right to firstly subscribe for the maximum amount not more than their existing holding amount (the ratio of 1 unit of new debenture to 1 unit of existing debenture). The portion for this existing KTC14OA debentureholders is up to 2 Billion Baht and the remaining amount will be offered to general, non-institutional investors. We hope that this new offering will be received well respond from the investors as previous issuances.”
“This debenture is rated BBB+ by TRIS Rating Co., Ltd. which reflects our strength in the credit card and personal loans business. Our performance for the first half of 2014 is also positive with net profit of 826 Million Baht. In addition, the operational profit excluding extraordinary item grows 65% y-o-y. As for our marketing strategy in the second half of the year, we will design new credit card campaigns that target specific groups of members and offer a new feature of longer installment period of the personal loans business. In the meantime, we have a comprehensive offering of online services and we constantly control risks and debt quality for a secure and sustainable business growth.”
For more information and subscription, please contact Krungthai Bank Public Company Limited at 1551, CIMB Thai Public Company Limited at 0-2626-7777, Thanachart Bank Public Company Limited at 1770 and United Overseas Bank (Thai) Public Company Limited at 0-2285-1555.
Remark: An investment in the Debenture is subject to risk. Investors should carefully consider the risks and exercise their own decision in making a decision to invest in the Debentures. The filing and registration statement are under consideration by the SEC and have not yet become effective.