Debentures may only be transferred to an investor who fall within one or more of the following categories:
- Commercial banks
- Finance companies
- Securities companies, for the purpose of holding as their own assets or for management of a private fund or for the management of an investment project which is incorporated under the Act on the Undertaking of Finance Business, Securities Business and Credit foncier business
- Credit foncier companies
- Insurance companies
- Juristic persons incorporated under a specific law which are not the juristic person under (9)
- Bank of Thailand
- International financial institutions
- Government agencies and State enterprises under the laws on budgetary procedure
- Financial Institution Development Fund
- Pension funds
- Provident funds
- Mutual funds
- Juristic persons whose total assets according to the current audited financial statements for the last accounting period are worth half a billion baht or more
- Juristic persons whose shareholders are persons described in (1) - (14), among them holding shares in aggregate more than 75 per cent of all voting share
- Investors who have no domicile in Thailand and bring in investment capital abroad having investment advisors to supervise or manage the investment for them
- Each investor other than the persons described in (1) - (16) who purchases the Debentures having the value of 10,000 Bt or more (the value of such Debentures shall be calculated from the offering price)