As at 31 December 2020
the Company offered and issued debentures 15 times in a total of 35 tranches, which
total up to the amount of Baht 173,093.8 million as details below:
| 1. Debentures No. 1/2013 Unsubordinated and secured debentures in registered name form with debenture holder representative |
|---|
| Offering Public Offering, High net worth, and Institutional investors |
| Outstanding Debenture Value Baht 15,122.0 million |
| Issue Date October 31, 2013 |
| Interest Payment Date Twice a year on each April 30 and October 31 that the debentures are outstanding; the first interest payment date on April 30, 2014 |
| Issue Rating “A (tha)” by Fitch Ratings (Thailand) Limited |
| Series | Debenture Value (Baht) | Interest Rate (Percent) | Maturity Date |
| 10 Years | 15,122,000,000 | 5.35% | 31 October 2023 |
| 2. Debentures No. 1/2014 Unsubordinated and secured debentures in registered name form with debenture holder representative |
|---|
| Offering Public Offering, High net worth, and Institutional investors |
| Outstanding Debenture Value Baht 25,197.8 million |
| Issue Date March 27, 2014 |
| Interest Payment Date Twice a year on each September 27 and March 27 that the debentures are outstanding; the first interest payment date on September 27, 2014 |
| Issue Rating “A (tha)” by Fitch Ratings (Thailand) Limited |
| Series | Debenture Value (Baht) | Interest Rate (Percent) | Maturity Date |
| 7 Years | 9,884,100,000 | 4.85% | 27 March 2021 |
| 10 Years | 15,313,700,000 | 5.14% | 27 March 2024 |
| 3. Debentures No. 2/2014 Unsubordinated and secured debentures in registered name form with debenture holder representative |
|---|
| Offering High net worth and/or Institutional investors |
| Outstanding Debenture Value Baht 13,675.0 million |
| Issue Date August 22, 2014 |
| Interest Payment Date Twice a year on each February 22 and August 22 that the debentures are outstanding; the first interest payment date on February 22, 2015 |
| Issue Rating “A (tha)” by Fitch Ratings (Thailand) Limited |
| Series | Debenture Value (Baht) | Interest Rate (Percent) | Maturity Date |
| 7 Years | 3,236,000,000 | 4.75% | 22 August 2021 |
| 10 Years | 10,439,000,000 | 5.05% | 22 August 2024 |
| 4. Debentures No. 3/2014 Unsubordinated and secured debentures in registered name form with debenture holder representative |
|---|
| Offering High net worth and/or Institutional investors |
| Outstanding Debenture Value Baht 4,000.0 million |
| Issue Date December 26, 2014 |
| Interest Payment Date Twice a year on each June 26 and December 26 that the debentures are outstanding; the first interest payment date on June 26, 2015 |
| Issue Rating “A (tha)” by Fitch Ratings (Thailand) Limited |
| Series | Debenture Value (Baht) | Interest Rate (Percent) | Maturity Date |
| 12 Years | 4,000,000,000 | 4.80% | 26 December 2026* |
| 5. Debentures No. 2/2015 Unsubordinated and unsecured debentures in registered name form |
|---|
| Offering High net worth and/or Institutional investors |
| Outstanding Debenture Value Baht 9,000.0 million |
| Issue Date June 30, 2015 |
| Interest Payment Date Twice a year on each December 30 and June 30 that the debentures are outstanding; the first interest payment date on December 30, 2015 |
| Issue Rating “A (tha)” by Fitch Ratings (Thailand) Limited |
| Series | Debenture Value (Baht) | Interest Rate (Percent) | Maturity Date |
| 7 Years | 3,000,000,000 | 4.10% | 30 June 2022 |
| 10 Years | 6,000,000,000 | 4.45% | 30 June 2025* |
| 6. Debentures No. 1/2016 Unsubordinated and unsecured debentures in registered name form |
|---|
| Offering High net worth and/or Institutional investors |
| Outstanding Debenture Value Baht 7,000.0 million |
| Issue Date March 18, 2016 |
| Interest Payment Date Twice a year on each September 18 and March 18 that the debentures are outstanding; the first interest payment date on September 18, 2016 |
| Issue Rating “A (tha)” by Fitch Ratings (Thailand) Limited |
| Series | Debenture Value (Baht) | Interest Rate (Percent) | Maturity Date |
| 5 Years | 1,382,000,000 | 2.95% | 18 March 2021 |
| 7 Years | 937,000,000 | 3.40% | 18 March 2023 |
| 10 Years | 2,074,000,000 | 4.00% | 18 March 2026* |
| 12 Years | 2,607,000,000 | 4.15% | 18 March 2028** |
**The issuer’s right to early redemption from March 18, 2023
| 7. Debentures No. 2/2016 Unsubordinated and unsecured debentures in registered name form |
|---|
| Offering High net worth and/or Institutional investors |
| Outstanding Debenture Value Baht 6,099.0 million |
| Issue Date August 26, 2016 |
| Interest Payment Date Twice a year on each February 26 and August 26 that the debentures are outstanding; the first interest payment date on February 26, 2017. |
| Issue Rating “A (tha)” by Fitch Ratings (Thailand) Limited |
| Series | Debenture Value (Baht) | Interest Rate (Percent) | Maturity Date |
| 7 Years | 500,000,000 | 3.25% | 26 August 2023 |
| 10 Years | 748,000,000 | 3.68% | 26 August 2026 |
| 12 Years | 4,851,000,000 | 4.00% | 26 August 2028 |
| 8.Subordinated perpetual debentures No. 1/2016 payable upon dissolution with the issuer’s right to early redemption and unconditional interest deferral. |
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| Offering Public offering and/or Institutional investors |
| Outstanding Debenture Value Baht 10,000.0 million |
| Issue Date November 30, 2016 |
| Interest Rate – Year 1-5: Interest rate at 5.0 percent – Year 6-10: Interest rate equal to the sum of (a) five-year government bond yields * (b) Initial Credit Spread 3.13 percent per year, (c) the rate of 0.5 percent per year. – Year 11-50: Interest rate equal to the sum of (a) five-year government bond yields * (b) Initial Credit Spread 3.13 percent per year, (c) the rate of 1.0 percent per year. – Year 51 onwards: Interest rate equal to the sum of (a) five-year government bond yields * (b) Initial Credit Spread 3.13 percent per year, (c) the rate of 2.0 percent per year. * Interest rate will be adjusted every five years based on the government’s five-year bond yields at the end of day two days prior to the interest-rate adjustment date. |
| Interest Payment Date Twice a year on each May 30 and November 30 that the debentures are outstanding; the first interest payment date on May 30, 2017. |
| Redemption Right Issuer has the right to redeem the debentures in the following cases: 1. The Issuer’s right to redeem the debentures on 5-year maturity date starting from the issue date, which is on November 30, 2021 (the first day to exercise redemption right) or on each interest payment date the first day to exercise redemption right 2. The issuer’s right to redeem in case the Revenue Department or related departments changes the rule so that the issuer cannot treat interest paid to debenture holders as tax deductible expense for tax purposes 3. The issuer’s right to redeem in case the credit rating changes the rating of the debenture so that the issuance of the debenture can be treated as part of Equity Credit less 4. The issuer’s right to redeem in case of a change of accounting principle and methods the issuance of the debenture can be treated as part of Equity Credit less |
| Issue Rating “BBB+ (tha)” by Fitch Ratings (Thailand) Limited |
| 9. Debentures No. 1/2017 Unsubordinated and unsecured debentures in registered name form |
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| Offering Institutional investors; not over 10 investors |
| Outstanding Debenture Value Baht 4,500.0 million |
| Issue Date March 27, 2017 |
| Interest Payment Date Twice a year on each September 27 and March 27 that the debentures are outstanding; the first interest payment date on September 27, 2017. |
| Issue Rating “A (tha)” by Fitch Ratings (Thailand) Limited |
| Series | Debenture Value (Baht) | Interest Rate (Percent) | Maturity Date |
| 12 Years | 4,500,000,000 | 4.70% | 27 March 2029 |
| 10. Debentures No. 2/2017 Unsubordinated and unsecured debentures in registered name form |
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| Offering High net worth and/or Institutional investors |
| Outstanding Debenture Value Baht 3,000.0 million |
| Issue Date August 18, 2017 |
| Interest Payment Date Twice a year on each February 18 and August 18 that the debentures are outstanding; the first interest payment date on February 18, 2018. |
| Issue Rating “A (tha)” by Fitch Ratings (Thailand) Limited |
| Series | Debenture Value (Baht) | Interest Rate (Percent) | Maturity Date |
| 10 Years | 3,000,000,000 | 3.96% | 18 August 2027 |
| 11. Subordinated perpetual debentures No. 1/2017 payable upon dissolution with the issuer’s right to early redemption and unconditional interest deferral. |
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| Offering Public offering and/or Institutional investors |
| Outstanding Debenture Value Baht 10,000.0 million |
| Issue Date August 22, 2017 |
| Interest Rate – Year 1-5: Interest rate at 5.0 percent – Year 6-10: Interest rate equal to the sum of (a) five-year government bond yields * (b) Initial Credit Spread 3.07 percent per year, (c) the rate of 0.5 percent per year. – Year 11-50: Interest rate equal to the sum of (a) five-year government bond yields * (b) Initial Credit Spread 3.07 percent per year, (c) the rate of 1.1 percent per year. – Year 51 onwards: Interest rate equal to the sum of (a) five-year government bond yields * (b) Initial Credit Spread 3.07 percent per year, (c) the rate of 2.1 percent per year. * Interest rate will be adjusted every five years based on the government’s five-year bond yields at the end of day two days prior to the interest-rate adjustment date. |
| Interest Payment Date Twice a year on each February 22 and August 22 that the debentures are outstanding; the first interest payment date on February 22, 2018. |
| Redemption Right Issuer has the right to redeem the debentures in the following cases: 1. The Issuer’s right to redeem the debentures on 5-year maturity date starting from the issue date, which is on August 22, 2022 (the first day to exercise redemption right) or on each interest payment date the first day to exercise redemption right 2. The issuer’s right to redeem in case the Revenue Department or related departments changes the rule so that the issuer cannot treat interest paid to debenture holders as tax deductible expense for tax purposes 3. The issuer’s right to redeem in case the credit rating changes the rating of the debenture so that the issuance of the debenture can be treated as part of Equity Credit less 4. The issuer’s right to redeem in case of a change of accounting principle and methods the issuance of the debenture can be treated as part of Equity Credit less |
| Issue Rating “BBB+ (tha)” by Fitch Ratings (Thailand) Limited |
| 12. Debentures No. 3/2017 Unsubordinated and unsecured debentures in registered name form |
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| 12.1 Without debenture holder representative |
| Offering High net worth and/or Institutional investors |
| Outstanding Debenture Value Baht 9,000.0 million |
| Issue Date November 15, 2017 |
| Interest Payment Date Twice a year on each May 15 and November 15 that the debentures are outstanding; the first interest payment date on May 15, 2018 |
| Issue Rating “A+” by Tris Ratings Limited |
| Series | Debenture Value (Baht) | Interest Rate (Percent) | Maturity Date |
| 10 Years | 9,000,000,000 | 3.50% | 15 November 2027 |
| 12.2 With debenture holder representative |
| Offering Public offering |
| Outstanding Debenture Value Baht 9,000.0 million |
| Issue Date November 30, 2017 |
| Interest Payment Date Twice a year on each May 30 and November 30 that the debentures are outstanding; the first interest payment date on May 30, 2018 |
| Issue Rating “A+” by Tris Ratings Limited |
| Series | Debenture Value (Baht) | Interest Rate (Percent) | Maturity Date |
| 5 Years | 9,000,000,000 | 3.10% | 30 November 2022 |
| 13. Debentures No. 1/2019 Unsubordinated and unsecured debentures in registered name form |
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| Offering High net worth and/or Institutional investors |
| Outstanding Debenture Value Baht 15,000.0 million |
| Issue Date January 18, 2019 |
| Interest Payment Date Twice a year on each July 18 and January 18 that the debentures are outstanding; the first interest payment date on July 18, 2019. |
| Issue Rating “A+” by Tris Ratings Limited |
| Series | Debenture Value (Baht) | Interest Rate (Percent) | Maturity Date |
| 3 Years | 5,000,000,000 | 2.86% | 18 January 2022 |
| 8 Years | 2,466,000,000 | 3.95% | 18 January 2027 |
| 10 Years | 1,920,000,000 | 4.12% | 18 January 2029 |
| 12 Years | 5,614,000,000 | 4.40% | 18 January 2031 |
| 14. Debentures No. 1/2020 Unsubordinated and unsecured debentures in registered name form |
|---|
| Offering High net worth and/or Institutional investors |
| Outstanding Debenture Value Baht 7,500.0 million |
| Issue Date May 13, 2020 |
| Interest Payment Date Twice a year on each November 13 and May 13 that the debentures are outstanding; the first interest payment date on November 13, 2020. |
| Issue Rating “A+” by Tris Ratings Limited |
| Series | Debenture Value (Baht) | Interest Rate (Percent) | Maturity Date |
| 7 Years | 1,699,000,000 | 2.90% | 13 May 2027 |
| 10 Years | 2,169,000,000 | 3.29% | 13 May 2030 |
| 12 Years | 3,632,000,000 | 3.59% | 13 May 2032 |
| 15. Debentures No. 2/2020 Unsubordinated and unsecured debentures in registered name form |
|---|
| Offering Public Offering, High net worth, and Institutional investors |
| Outstanding Debenture Value Baht 25,000.0 million |
| Issue Date September 29, 2020 |
| Interest Payment Date Twice a year on each March 29 and September 29 that the debentures are outstanding; the first interest payment date on March 29, 2021. |
| Issue Rating “A+” by Tris Ratings Limited |
15.1 Offering : Public offering
| Series | Debenture Value (Baht) | Interest Rate (Percent) | Maturity Date |
| 4 Years 9 Months and 1 Day | 13,200,000,000 | 3.00% | 30 June 2025 |
15.2 Offering : Institutional investors and/or high net worth
| Series | Debenture Value (Baht) | Interest Rate (Percent) | Maturity Date |
| 2 Years 5 Months and 17 Days | 6,000,000,000 | 1.90% | 18 March 2023 |
| 9 Years 7 Months and 14 Days | 2,350,000,000 | 3.40% | 13 May 2030 |
| 15 Years | 3,450,000,000 | 3.90% | 29 September 2035 |
