Bangkok--Nov 8--SET
Dr. Santi Kiranand, Chief Executive Officer of theT Bond Electronic Exchange (BEX), The Stock Exchange of Thailand (SET), revealed that the SET Board of Governors has approved the listing of Krung Thai Bank Pcl.’s (KTB) debentures worth THB 10,000 mln.(approx. USD 247.0 mln.) in total. These are comprised of 10 mln. units of subordinated debentures each with a par value of THB1,000 each. KTB’s debentures will commence trading from November 9, 2004, onwards, using “KTB14OA” as theirits trading symbol.
“The listing of KTB14OA will increase the outstanding debentures on the BEX to 35 issues worth a total of THB 162,854 mln.(approx. USD 4.02 bln.),” The BEX’s CEO said.
KTB’s debentures are subordinated, name-registered, notn- amortizing, non-convertible and un unsecured. The Thai Military Bank Pcl. acts as the debenture holders’ trustee.. KTB14OA has been rated ‘AA- (tha)’ by Fitch Ratings (Thailand) Ltd. Thailand Securities Depository Co., Ltd. is the debenture registrar.
The
KTB14OA has a 10-year maturity from the issueing date. It will be due on October 22, 2014. The debentures will bear a fixed rate of 5.15% per annump.a. during the 1st — 5th years, which then will change to 6.70% per annum p.a. duringin the 6th — 10th years. The debenture holders will receive interest payments on April 22 and October 22 annuallyevery year until maturity. The firstinitial interest payment date will be on April 22, 2005.
The issuer may redeem the debentures prior to the maturity date for redemption. Such a redemption shall may be made 1) on the completion of the five-year period from the issuance date, 2) on any interest payment date after the completion of the initial five-year period following from the issuance date of the debentures, 3) if the issuer can show that interest under these debentures is not or can may no longer be deducted as anthe expense of the issuer for tax benefits, or 4) it is a case or condition to be subsequentlyadditionally determined by the Bank of Thailand atin athe future date.
People interested in investing in these debentures can contact any securities company. The mMinimum investment is 100 units of debentures. For more information on KTB’s debentures, please browse the KTB’s website, www.ktb.co.th, and the BEX’s website at www.bex.or.th. At the ‘SET in the City 2004’, Iinvestors will can also learn more about BEX’s educational activities at the QSNCC Nov. 11-14.
For more information,
please contact the Corporate Communication Dept.:
Ladawan Kantawong Tel: 0-2229-2036 /
Kulvida Jintakawong Tel: 0-2229-2037 /
Nattaporn Boonprapa Tel: 0-2229-2049 End.