Bangkok--Dec 20--SET
Dr. Santi Kiranand, Chief Executive Officer of theT Bond Electronic Exchange (BEX) of The Stock Exchange of Thailand (SET), revealed that the SET Board of Governors has approved the listing of Bank of Ayudhya Pcl.’s (BAY) debenture #5, worth THB12,000 mln.(approx. USD300 mln.) in total. These are comprised of 12 mln. units of subordinated debentures, each with a par value of THB1,000 each. BAY’s debentures will commence trading from December 20, 2004, onwards, using “BAY13NA” as theirits trading symbol.
“The listing of BAY13NA will increase the outstanding debentures on the BEX to 39 issues, worth a total of THB194,854.4 mln.(approx. USD4,817.36 mln.), or a 28% increase from 2003’s year-end outstanding value. There have been 21 new debentures listed this year, which was twice of last year’s new listings,” The BEX’s CEO said.
BAY13NA was issued by the Bank of Ayudhya Pcl. on November 5, 2003. It has a 10-year maturity from the issueing date. They are subordinated, name-registered, non-convertible and un unsecured. The holders of BAY13NA will have Bangkok First Investment & Trust Pcl. as trustee and the Bank of Ayudhya Pcl. as registrar.. BAY13NA has been latest reviewed ‘A-’ by TRIS Rating Co.,Ltd. on November 23, 2004.
The BAY13NA will be due on November 5, 2013. The debentures will bear a fixed rate of 4.0% per annump.a. during the 1st — 5th years, which then will change to 4.75% per annum p.a. duringin the 6th — 10th years. The debenture holders will receive interest payments on the 5th of February, May, August, and November. The firstinitial interest payment date will be on February 5, 2004.
Dr. Santi noted that: “Returns from investing in debentures are rather stable as the interest rates and payment have already been determined. It is suited to investors who want stable and consistent returns.
“Therefore, people interested in investing in the debentures with attractive interest rates can invest through the BEX conveniently by sending orders to brokers similarly to trading of common shares. For more information of listed debentures, please browse www.bex.or.th or call the BEX at Tel: 0 2229-2787-91.”
The mMinimum investment is 100 units of debentures. Payment will be made on the 2nd day after the transaction date. Trading fees are freely negotiable between brokers and investors.
The issuer of BAY13NA may redeem the debentures prior to the maturity date at the par value for redemption. Such a redemption shall may be made, for example, 1) Prior to the 5th anniversary of the date of issuance of the debentures, if the debenture issuer is notified by the Bank of Thailand that the debentures are no longer classified as instruments that can be counted as the Bank's second-tier capital fund, 2) On the 5th anniversary of the date of issuance of the debentures, or any interest payment date after the 5th anniversary of the date of issuance of the debentures; or 3) If the debenture issuer can prove that the interest payments on the debentures may not or may no longer be deducted as expenses of the debenture issuer for tax purpose.
For more information on BAY’s debentures, please browse the BAY’s website, www.krungsri.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.