Krung Thai Bank offers more choices for customers to invest; issuing hybrid subordinated debenture assigned A (stable) from the accredited Fitch Ratings, yielding 5.15% interest rate p.a., paid every six months. The debenture will be ready for subscription on this December 14-16 at any of the Bank’s branches nationwide. The minimum investment is 100,000 baht. It indicates that this debenture will prompt the bank’s tier 1 to move up thus enable it to expand the business without adding more funds.

Mr. Chainarong Eursithichai, First Vice President & Manager, Wealth Management Department, Krung Thai Bank PCL. discloses that the bank has increased deposit alternative to depositors, launching hybrid subordinated debenture or Hybrid Tier 1 with fixed 5.15% interest rate, paid every six months in the year that has net profit worth less than 9,000 million baht for general and institutional investors. Customers will be able to subscribe on this December 14-16 at any of the Bank’s across the country.

In addition, this investment carries no specific maturity date with a call option in the 5th year. The debenture sold this time will be registered with the Thai Bond Market Association enabling it to have the secondary market, as well as, increase its liquidity.

Mr. Chainarong Eursithichai further says that issuing this debenture will help accommodating the Bank’s credit expansion and strengthening its funds. At the end of September, Krung Thai Bank’s tier 1 stood at 108,863 baht against risk asset of 9.45%, higher than 4.25% assigned by the Bank of Thailand and 15.24% of fund against risk asset. Interested Clients are able to inquire for more information at Krung Thai Bank Call Center, 1551.