Bangkok--Aug 1--SET
The CEO of The Stock Exchange of Thailand’s Bond Electronic Exchange (BEX), Mr. Santi Kiranand Ph.D., said that the SET Board of Governors has approved the listing of four bond issues of Kiatnakin Finance Pcl. (KK) on the Bond Electronic Exchange (BEX). These bonds are worth THB6.44 bln. (approx. USD154.0 mln.) in total, and all have a par value of THB1,000 each. KK’s bonds will commence trading on the BEX Aug. 2, 2005.
Kiatnakin Finance Pcl. issued four bond issues during 2002 — 2003. On Sept. 2, 2002, the company issued two tranches of bonds No.1/2002. The first tranche, KK069A, are worth THB1.50 bln., and the second tranche, KK079A, are worth THB1.0 bln. Then, on Sept. 16, 2002, it issued bonds No.2/2002, KK073A, worth THB935 mln. And, on Jul.17, 2003, bonds No.1/2003, KK087A, worth THB3.00 bln. were issued.
Mr. Santi said: “KK069A, KK079A, and KK073A can be transferred only by institutional investors and the Social Security Office, while KK087A has its transfer right limited to institutional investors only. Thus, the trading of KK bonds can only be done through the put-through method on the big-lot board. These bonds received an ‘A-’ credit rating from TRIS Rating Co., Ltd.
“The listing of KK bonds will boost the total outstanding value of listed bonds on the BEX to THB554.64 bln. (approx. USD13.27 bln.). Of these issues, 10 are government bonds worth THB306.69 bln. (approx. USD7.34 bln.) plus another 56 corporate issues worth THB247.95 bln. (approx. USD5.93 bln.)”
Features of the four KK bond issues can be summarized as follows:
KK069A, KK079A, KK073A, and KK087A are straight, unsecured, senior bonds with evidenced debenture holders’ names. There will be no bondholder representative. Kasikornbank Pcl. will be the registrar of these bonds.
KK069A has a 4-year maturity, and hence will come due on September 2, 2006. Its coupon rates will be flexible. For the first and second year, the coupon rate is equal to 6.25% p.a. minus the Thai Baht Swap Offered Rate displayed on Reuters. For the third and forth year, the coupon rate will be fixed at 4.15% p.a.
KK079A has a 5-year maturity, and hence will come due on September 2, 2007. It bears a fixed interest rate of 4.4% p.a.
Interest payment for both KK069A and KK079A will be on March 2, and September 2 annually through maturity.
KK073A has a maturity of 4-and-a-half years, and hence will come due on March 16, 2007. It bears a fixed interest rate of 4.0% p.a. Interest payments will be on March 16, and September 16 annually through maturity.
KK087A has a 5-year maturity, and hence will come due on July 17, 2008. It bears a fixed interest rate of 2.4% p.a. Interest payments will be on January 17, and July 17 annually through maturity.
For more information on bond trading, please contact any securities company that is a SET member, contact 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.