Bangkok Bank is working with Siam Commercial Bank and TMB Bank to sell Baht 1.5 billion in debentures for leading property developer Quality Houses.

Rated A- by Tris Ratings, the unsecured senior debentures have a three-year maturity period offering an interest rate of 5.25 percent per annum, and will pay interest every three months. Investors and the general public can subscribe to the debentures from 2-7 October, 2008.

Bangkok Bank Senior Vice President Surabhan Purnagupta said the bank, along with Siam Commercial Bank and TMB Bank, will underwrite up to Baht 1.5 billion of Quality Houses debentures. The debentures will be offered to institutional and individual investors, and the proceeds raised will be used as operating capital and to repay loans.

With a strengthened financial position and improved profitability evidenced by total revenues of Baht 10.6 billion and a net profit of Baht 1.1 billion in 2008, Quality Houses debentures offer an opportunity for investors to earn an attractive rate of return on their investment.

Interested customers and the general public can subscribe to Quality Houses debentures nationwide at branches of Bangkok Bank (except Micro branches). Further details are available at Bangkok Bank on
0-2230-2328, or Bualuang Phone on 1333.