Bangkok--Apr 12--SET
Mr. Santi Kiranand Ph.D., Chief Executive Officer of the Bond Electronic Exchange (BEX) of The Stock Exchange of Thailand (SET), announced that the SET Board of Governors has approved the listing of the Thai Military Bank Pcl.’s (TMB) subordinated debenture No.12, worth THB8.00 bln.(approx. USD200.00 mln.) in total. The listing is comprised of 8 mln. units of subordinated debentures, each with a par value of THB1,000. TMB’s debentures will commence trading from April 18, 2005, onwards, using “TMB153A” as their trading symbol.
“The listing of TMB153A will increase the outstanding debentures on the BEX to 42 issues, worth a total of THB195.73 bln.(approx. USD4.89 bln.),” Mr. Santi said.
TMB153A was issued by the Thai Military Bank Pcl. on March 9, 2005. It has a 10-year maturity from the issue date, and hence will come due in 2015. During the 1st — 5th years, the debentures will bear either a floating rate equivalent to the TMB 12-month time deposit for individuals plus 2.0% p.a., or a fixed rate of 4.0% p.a., whichever is higher.
Then, during the 6th — 10th years, the rate will be either a floating rate equivalent to the TMB 12-month time deposit for individuals plus 2.0% p.a., or a fixed rate of 5.0% p.a., whichever is higher.
Debenture holders will receive interest payments on the 9th of March, June, September, and December annually until maturity.
TMB153A are subordinated, name-registered, non-convertible and unsecured debentures with BankThai Pcl. as their trustee and the TMB as the registrar. TMB153A has been rated ‘BBB’ by the TRIS Rating Co. Ltd.
The BEX’ CEO also noted that: “A special feature of TMB153A is that its issuer may redeem the debentures prior to the maturity date at the par value. Such a redemption may be made, for example, 1) Prior to Year 5 after the issuance date, if the issuer is notified by the Bank of Thailand (BOT) that the debentures are not or would not be classified as instruments under the Tier 2 capital fund, 2) In Year 5 after the issuance date or any interest payment date after Year 5 from issuance date, 3) If the issuer can clarify that the interests of the debentures are not or could not be deducted as expenses of the debenture issuer for tax purposes anymore, or any other conditions as notified by the BOT.”
For more information on investing in bonds, please contact any securities companies at your convenience, or call the BEX at tel: 0-2229-2783-91, or browse 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
Watsamon Saowakhonsathien Tel: 0-2229-2797 End.