Bangkok--Jul 7--SET
The CEO of the Bond Electronic Exchange (BEX), Mr. Santi Kiranand Ph.D., said that the SET Board of Governors has approved the listing of bonds issued by True Multimedia Co. Ltd. on the BEX. True Multimedia is the first non-listed issuer.
There will be two bond issues of True Multimedia listed on the BEX. The bonds are limited in their ability to be transferred only amongst the institutional investor group members as stated in the Announcement by the Securities and Exchange Commission dated October 15, 2000. Consequently trading will be done on the big-lot board via the put-through trading method.
“The listing of True Multimedia on the BEX shows that the BEX is trusted by the private sector as a reliable secondary market. The private sector’s trust stems from the BEX providing a standardized trading system plus its adherence to transparent, timely and useful information disclosure standards for its trading of both government and corporate bonds. The listing of True Multimedia’ bonds will increase the total bond listings on the BEX to 60 issues, collectively worth THB531.15 bln.,” said Mr. Santi.
Both bond issues of True Multimedia are secured and amortizing bearer bonds. The Bank of Ayudhya Plc. will act as the registrar and representative of the bondholders. These issues received a ‘BBB’ rating from TRIS Rating Co. Ltd. on March 25, 2005. They were issued to the market on March 30, 2005.
The listed issues of True Multimedia are comprised of 1) No. 1/2548 Tranche A -worth a total of THB1.10 bln. They consist of 1.1 mln. units with a par value of THB1,000 each. These units will have “TMM083A” as their trading symbol, and 2) No. 1/2548 Tranche B - worth a total of THB200 mln. They consist of 0.2 mln. units with a par value of THB1,000 each. These units will have “TMM093A” as their trading symbol.
TMM083A and TMM093A will be secured by 1) Pledge of shares in United Broadcasting Corporation Pcl. of which their value must not be less than 150% of the outstanding bonds, 2) Conditional assignment in relation to the service fee under the Multimedia Network Service Agreement, and 3) Pledges and conditional assignments of rights to escrow accounts, debt service reserve accounts, debt payment accounts and security accounts.
The holders of TMM083A will get a fixed 5% interest p.a. until its redemption date on March 30, 2008, and holders of TMM093A will get a fixed 5.95% interest p.a. until its redemption date on March 30, 2009. Both TMM083A and TMM093A are scheduled for interest payments on March 30, June 30, September 30, and December 30 of each year through their maturity.
For more information on bond trading, please 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.