Bangkok--Jan 25--SET
Dr. Santi Kiranand, Chief Executive Officer of the Bond Electronic Exchange (BEX) of The Stock Exchange of Thailand (SET), revealed that the SET Board of Governors has approved the listing of Quality Houses Pcl.’s (QH) debenture No.2/2004, worth THB1,000 mln.(approx. USD25 mln.) in total. These are comprised of one mln. units of debentures, each with a par value of THB1,000. QH’s debentures will commence trading from January 26, 2005 onwards, using “QH09DA” as their trading symbol.
“In 2004, QH listed 3 issues of its debentures worth THB2,000 mln. in total. The listing of QH09DA will therefore raise the total outstanding value of QH’s debentures on the BEX to THB3,000 mln., and all listed issues of bonds on the BEX to 40 issues worth THB195,854.40 mln.(approx. USD4.9 bln.) in total,” Dr. Santi said.
QH09DA are an unsubordinated, unsecured, and name-registered type of bonds. The Siam Commercial Bank Pcl. will act as the bondholders’ trustee. QH09DA has been rated ‘BBB’ by TRIS Rating Co. Ltd.
QH09DA was issued by Quality Houses Pcl. on December 3, 2004, with a 5-year maturity; hence, it will become due on December 3, 2009. It will bear a fixed rate of 5.10% p.a. during the 1st — 3rd years, which then will change to the average MLR (Minimum Loan Rate) less 0.75% per annum during the 4th — 5th years. Interest payments will be on a quarterly basis from the issue date, payable on March 3rd, June 3rd, September 3rd and December 3rd annually throughout the term of the debentures.
The average MLR means the average of Minimum Loan Rate (MLR) of the third business day prior to each starting interest period of the commercial banks of Thailand that are the first four large banks in term of assets.
For more information on QH09DA, please browse QH’s website, www.qh.co.th and the BEX’s website at www.bex.or.th. People interested in investing on the BEX can contact any securities company or call the BEX at tel: 0 2229-2787-91.
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.