Bangkok--Dec 23--SET
Thailand’s Bond Electronic Exchange (BEX) approved the listings of 7
bond issues worth THB26.3 billion, boosting the total outstanding value of its
listed bonds to THB756.85 billion (approx. USD18.46 billion).
All these 7 issues will commence trading on December 26, 2005. They are:
1) Three issues of PTT Pcl.’s bonds, collectively worth THB16.0 billion:
PTTC15NA, PTTC11DA, and PTTC11DB
2) Four issues of DAD SPV Co., Ltd.’s bonds, collectively worth THB10.3
billion: DAD12NA, DAD15NA, DAD20NA, and DAD25NA
These new listings are from both listed and non-listed companies,
effectively showing that the BEX is a secondary market for all types of issuers.
Having their bonds listed on the BEX enables the bondholders in the primary market
to trade bonds conveniently and transparently. In addition, the issuers will incur
no listing costs as they have been waived, whilst boosting the liquidity of their
bonds.
PTT Plc.’s (PTT) bonds are straight unsecured and unsubordinated bonds,
with a bond representative. The Siam Commercial Bank Pcl. will be the bondholders’
registrar. All PTT bond issues received a AA+ credit rating from Fitch Ratings
(Thailand) indicating that they bear a very low default risk. Details of the PTT
bonds are:
Symbol PTTC15NA PTTC11DA PTTC11DB
No. of Issue No. 3/2005 No. 4/2005 No. 5/2005
Issue date Nov. 23, 2005 Dec. 2, 2005 Dec. 9, 2005
Total size THB5.0 billion THB7.0 billion THB4.0 billion
Maturity 10 Years 6 Years 6 Years
Year of maturity 2015 2011 2011
Coupon rate Fixed at 7.40% p.a. Fixed at 6.70% p.a. Fixed at 6.70% p.a.
Payment dates May 23 and Nov. 23 Jun. 2 and Dec. 2 Jun. 9 and Dec. 9
DAD SPV Co. Ltd.’s bonds have been issued under Emergency Decree on
Special Purpose Vehicle for Securitization B.E. 2540 for the construction of the
new Bangkok Metropolitan complex. They are straight unsecured and unsubordinated
bonds, with a bond representative. The TMB Bank Pcl. will be the bondholders’
registrar.
All the company’s bonds received a AAA credit rating from
TRIS Rating Co. Ltd. and Fitch Ratings (Thailand), indicating the highest level
of credit or that they bear the lowest default risk. Details of the DAD SPV bonds
are:
Symbol DAD12NA DAD15NA DAD20NA
No. of Issue No. 1/2005 No. 1/2005 No. 1/2005 No. 1/2005
Tranche 1 Tranche 2 Tranche 3 Tranche 4
Issue date Nov. 29, 2005 Nov. 29, 2005 Nov. 29, 2005 Nov. 29, 2005
Total size THB1.5 billion THB2.0 billion THB1.8 billion THB5.0 billion
Maturity 7 Years 10 Years 15 Years 20 Years
Year of maturity 2012 2015 2020 2025
Coupon rate Fixed at 6.70% p.a. Fixed at 7.35% p.a. Fixed at 7.50% p.a. Fixed at 7.99% p.a.
Payment dates Feb. 28, May 29, Aug. 29, and Nov. 29 Feb. 28, May 29, Aug. 29, and Nov. 29 Feb. 28, May 29, Aug. 29, and Nov. 29 Feb. 28, May 29, Aug. 29, and Nov. 29
People interested in investing in any of the above bonds can contact the
SET member companies or the BEX, tel: 0 2229 2783-91 or browse www.bex.or.th
For more information,
please contact the Corporate Communications Dept.:
Ladawan Kantawong Tel: 0-2229-2036
Kulvida Jintakawong Tel: 0-2229-2037
Nattaporn Boonprapa Tel: 0-2229-2049
Watsamon Saowakhonsathien End.