Press Release

Bangkok Bank lends Baht 1.7 billion to Thai Tap Water Supply to redeem debentures maturing in February 2014


Bangkok Bank Executive Vice President Panit Dunnvatanachit (2nd from right) and Thai Tap Water Supply Pubic Company Limited Director Sompodh Sripoom (2nd from left) sign an agreement to lend Baht 1.7 billion for redemption of the company's debentures which mature in February 2014. The five-year-tenor debentures have a credit rating of AA- and a fixed interest rate of 4.75% per annum, with interest payments every six months. Thai Tap Water Supply is the producer and distributor of tap water for the Provincial Waterworks Authority in West Bangkok, covering two provinces: Nakhon Pathom (Nakhon Chaisri, Sam Phran and Phuttamonthon Districts) and Samut Sakhon (Mueang and Krathum Baen Districts). The company replaces the extraction of ground water by private operators and the Provincial Waterworks Authority and is increasing its production capability to meet increasing demand. The project supports the government's policy of solving problems caused by private water extraction such as the collapse of underground cavities and saline seawater seeping into the ground.

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