(Following is a statement from Bank of Ayudhya Pcl via an electronic mail. The press release was confirmed by the sender.) Bank of Ayudhya issues 4.7% 10-year subordinated debentures Bangkok (16 October 2012) - Bank of Ayudhya Plc today announced it will issue up to Baht 12,000 million principal amount of 4.7% fixed subordinated debentures (No. 1/2012) due November 7, 2022. The Debentures will be offered to institutional investors and the general public between October 29 and November 6, 2012 at the Bank’s 601 branches nationwide. The Bank will have an option to sell a further Baht 8,000 million of debentures. The new issue is subordinated, nonconvertible and unsecured. The debentures, which require a minimum subscription amount of Baht 100,000, will bear interest at a fixed rate of 4.7% per annum payable every 3 months. The debentures are rated at A+ (tha) by Fitch Ratings (Thailand) Ltd. based on the Bank’s standalone financial position, continued robust performance, strong capital position and improved asset quality. The debentures may be redeemed by the issuer on the fifth anniversary or any interest payment date thereafter. Mr. Mark Arnold, President and Chief Executive Officer, Bank of Ayudhya said, “The Bank has enjoyed a strong operating performance and achieved many key milestones during the first half of the year which demonstrates that our focus, efforts and investments in recent years are really starting to bear fruit. Our total assets reached Baht 1 trillion for the first time. Performing loans grew by 6.3% and we continued to improve the quality of our portfolio by significantly reducing NPLs a further 18.1% since the end of last year. Our NPL ratio now stands at 2.9%. We expect this strong momentum to continue.” “At a time when deposit interest rates remain low, the Bank is issuing this subordinated debenture to offer an attractive investment alternative in the market. Proceeds from this issue will be used as long-term funds to support strong growth momentum in our corporate, SME and consumer banking businesses, and will also strengthen our Tier 2 capital,” said Mr. Arnold. Krungsri’s new debentures, currently under approval by the Securities and Exchange Commission, will be issued in an amount of Baht 12,000 million. As of 30 June 2012, Bank of Ayudhya, as Thailand’s fifth-largest commercial bank, has a strong capital base with a BIS ratio of 16.0% and tier 1 capital of 11.5%. About Bank of Ayudhya Plc - Krungsri Group Bank of Ayudhya Public Company Limited (BAY) or ‘Krungsri Group’ is the fifth-largest commercial bank in Thailand, with 67 years of history in the country. The Bank provides a comprehensive range of banking, consumer finance, investment, asset management and other financial products and services to individual consumers, SMEs, and large corporations through its 600 branches and over 15,000 service outlets nationwide. Its Krungsri subsidiaries, the Group is the largest credit card issuer in Thailand with 5.3 million cards in its portfolio, a major automobile financing service provider (Krungsri Auto), the fastest growing asset management company (Krungsri Asset Management), and a pioneer in microfinance through CFG Services. For more information please visit www.krungsri.com. For further information please contact: Corporate Communications and Public Relations Division Bank of Ayudhya Plc Tel: 02 296 3847, 02 296 2443-4 Email: firstname.lastname@example.org #<188905.404248.3.2.1.0.76>#
BANK OF AYUDHYA TO SELL AS MUCH AS 20 BILLION BAHT OF BONDS
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