Bangkok--Aug 22--SET
The SET has approved the listing of three bond issues of Quality Houses Pcl. (QH), worth THB1.0 bln. each, on the Bond Electronic Exchange (BEX). These bonds are worth THB3.0 bln. (approx. USD73.17 mln.) in total. QH’s bonds will commence trading on the BEX Aug. 23, 2005 using QH087A, QH097A, and QH107A as their trading symbols.
Quality Houses Pcl. has bonds already listed on the BEX. In 2004, the company listed 3 bond issues worth THB2.0 bln. and in January 2005 listed another issue worth THB1.0 bln. The upcoming issues will increase QH’s total listed bonds to 7 issues, collectively worth THB7.0 bln. The listing of these new QH bonds will boost the total outstanding value of corporate bonds on the BEX to THB250.95 bln. (approx. USD6.12 bln.).
The three tranches of QH bonds are:
1) QH087A, which are QH bonds No.1/2005, tranche 1, worth THB1.0 bln. It will come due in 2008 and bears a fixed interest rate of 4.5% p.a.
2) QH097A, which are QH bonds No.1/2005, tranche 2, worth THB1.0 bln. It will come due in 2009. It bears a fixed interest rate of 4.5% p.a. during years 1 —3, which will change to 6.0% p.a. in year 4.
3) QH107A, which are QH bonds No.1/2005, tranche 3, worth THB1.0 bln. It will come due in 2010. It bears a fixed interest rate of 4.5% p.a. during years 1 —3, which then will rise to 6.0% p.a. in year 4 and to 6.75% in year 5.
QH087A, QH097A, and QH107A received a ‘BBB+’ credit rating from TRIS Rating Co., Ltd. on July 14, 2005. They are straight, unsecured, senior bonds. There’s also the debenture holders’ representative. Interest payments are scheduled on January 14, April 14, July 14, and October 14 annually until maturity.
For more information on QH bonds, please browse BEX website, 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.