Bangkok--Nov 29--SET
Dr. Santi Kiranand, Chief Executive Officer of the Bond Electronic Exchange (BEX), a subsidiary of The Stock Exchange of Thailand (SET), revealed that the SET Board of Governors has approved the listing of Thai Airways International Pcl.’s (THAI) debentures worth THB15,000 mln. (approx. USD 375.00 mln.) in total. Three issues of THAI’s debentures will commence trading from November 30, 2004, onwards. The listing of these 3 issues will increase the outstanding debentures on the BEX to 37 issues worth a total of THB172,854.4 mln. (approx. USD 4,215.96 mln.)
THAI issued three tranches of debentures on October 20, 2004. These debentures are name-registered, unsubordinated, and unsecured. National Finance Pcl. acts as the debenture holders’ trustee. The principal payments will all be on their maturity dates. Interest will be paid every 6 months, on April 20 and October 20 of each year throughout the life of these debentures, starting on April 20, 2005.
All 3 issues of debentures have been rated ‘AA-’ by TRIS Rating Co., Ltd. on October 8, 2004. The features of these debentures are as follows:
1. Debentures of THAI No. 1/2004 Series 1 “THAI09OA”. Their total issue size is THB7,500 mln. (approx. USD 187.50 mln.). They will come due on October 20, 2009, 5 years after issuance. These debentures will bear a fixed interest rate of 4.65% per annum, with interest paid out every 6 months.
2. Debentures of THAI No. 1/2004 Series 2 “THAI11OA”. Their total issue size is THB4,500 mln. (approx. USD 112.50 mln.). They will come due on October 20, 2011, 7 years after issuance. These debentures will bear a fixed interest rate of 5.20% per annum, with interest paid out every 6 months.
3. Debentures of THAI No. 1/2004 Series 3 “THAI14OA”. Their total issue size is THB3,000 mln. (approx. USD 75.00 mln.). They will come due on October 20, 2014, 10 years after issuance. These debentures will bear a fixed interest rate of 5.80% per annum, with interest paid out every 6 months.
People interested in investing in these debentures may contact any securities company. Trading can be done on every business day through BEX’s electronic system. For more information on THAI’s debentures, please browse the company’s website, www.thaiairways.com, and the BEX’s website at www.bex.or.th
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.