(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
For further information please contact:
Corporate Communications and Public Relations Division
Bank of Ayudhya Plc
Tel:      02 296 3847, 02 296 2443-4
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