Bangkok Bank and Siam Commercial Bank will receive subscriptions for up to Baht 3.00 billion in unsecured senior debentures of Land and Houses Public Company Limited. The debentures have a maturity period of four years and the interest rate is 5.33 percent per annum for the first and second years and 6.50 percent for the third and final years. Interest payments will be made every three months and the debentures, which have been rated 'A' by Tris Ratings, will be available for subscription from July 21 to July 23, 2008.

Bangkok Bank Senior Vice President for Investment Banking Surabhan Purnagupta said Bangkok Bank and Siam Commercial Bank have been appointed by leading property developer Land and Houses Public Company Limited (LH) to be the joint selling agents for the company’s debentures. The debentures will be offered to both institutional and general investors, and LH will utilize the proceeds for their current business operations and future business expansion.

Interested investors can subscribe to the debentures at any branch of Bangkok Bank (except Micro branches) and Siam Commercial Bank nationwide. Further information can be obtained from Bangkok Bank by calling 0-2230-2328 or 1333, or Siam Commercial Bank on 0-2544-3866-76.