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October 2016

Issue Credit Rating:
A+ by TRIS Rating
Offering to:
Institution Investors and/or High Net Worth Investors
Issue Size:
Baht 5,000 million
Par Value:
1,000 Baht per unit
Interest Payment:
Every 6 months (Every 20th April and 20th October with the first payment on the 20th April 2017)
Subscription period:
17-19 October 2016
Issue Date:
20 October 2016

Offering Details:

Tranche
Thai BMA Symbol
Tenor (Year)
Maturity Date
Issue Size
(THB Million)
Coupon Rate
per annum (%)
Early Redemption
1
IVL21OC
5
20 Oct 2021
300
2.88%
None
2
IVL26OA
10
20 Oct 2026
200
3.68%
None
3
IVL28OA
12
20 Oct 2028
2,200
4.10%
The Issuer may call debentures prior to the maturity date at any dates after the Seventh year after the issuing date
4
IVL31OA
15
20 Oct 2031
2,300
4.39%
The Issuer may call debentures prior to the maturity date at any dates after the Tenth year after the issuing date

For more information, please contact Kasikorn Bank Public Company Limited Tel. 02-470-3099, KrungThai Bank Public Company Limited Tel. 02-111-1111 or visit the Thai Bond Market Association website - www.thaibma.or.th

December 2015 (PP10)

Issue Credit Rating:
A+ by TRIS Rating
Offering to:
Private Placement to not more than 10 investors
Issue Size:
Baht 1,150 million
Par Value:
1,000 Baht per unit
Interest Payment:
Every 6 months (Every 9th June and 9th December with the first payment on the 9th June 2016)
Subscription period:
8 December 2015
Issue Date:
9 December 2015

Offering Details:

Tranche
Thai BMA Symbol
Tenor (Year)
Maturity Date
Issue Size
(THB Million)
Coupon Rate
per annum (%)
Early Redemption
1
IVL25DA
10
9 Dec 2025
1,150
3.92
None

For more information, please contact KrungThai Bank Public Company Limited Tel. 02-111-1111 or visit the Thai Bond Market Association website - www.thaibma.or.th

October 2015 (PP10)

Issue Credit Rating:
Not required
Offering to:
Private Placement to not more than 10 investors
Issue Size:
Baht 1,600 million
Par Value:
1,000 Baht per unit
Interest Payment:
Every 6 months (Every 13th April and 13th October with the first payment on the 13th April 2016)
Subscription period:
12 October 2015
Issue Date:
13 October 2015

Offering Details:

Tranche
Thai BMA Symbol
Tenor (Year)
Maturity Date
Issue Size
(THB Million)
Coupon Rate
per annum (%)
Early Redemption
1
IVL22OA
7
13 Oct 2022
500
4.00%
None
2
IVL25OA
10
13 Oct 2025
1,100
4.20%
None

For more information, please contact Siam Commercial Bank Public Company Limited Tel. 02-777-7777 or visit the Thai Bond Market Association website - www.thaibma.or.th

Hybrid
Debentures

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Innovative Investment Opportunity with Indorama Ventures Public Company Limited
A Listed Company in The Stock Exchange of Thailand and SET50 Index
A vertically-integrated polyester chain producer based in Thailand and overseas


A Public Offering Of
Registered, Unsecured, Unconvertible with a Debenture-holders’ Representative and Subordinated Capital with Bullet Payment upon Dissolution of the Issuer1 or upon the Exercise of the Issuer’s Call option on the 5th Anniversary and thereafter or other conditions as mentioned in the Terms and Conditions of the Debentures2
Issue Rating is A- and Company Rating is A+ by TRIS Rating
Interest payable every three months. However, the Issuer has sole right to defer unconditional interest and cumulative interest3.

Coupon Rate
Year 1-5: 7.00% (or equal to 5-Year Government Bond Yield4 + 4.08%)
Year 6-25: 5-Year Government Bond Yield + 4.33%
Year 26-50: 5-Year Government Bond Yield + 5.08%
Year 51 onward: 5-Year Government Bond Yield + 7.08%

The coupon rate will be reset every 5 years based on the prevailing 5-Year Government Bond Yield5 as at the close of business two days prior to any interest adjustment date.

Example of return if the Issuer defers the payment of interest and the Issuer redeems the Debentures before maturity
This assumes the 5-Year Government Bond Yield remains constant at 2.92% (equal to the 5-Yr Government Bond Yield at the end of 2 Oct 14) in order to calculate the coupon rate. The internal rate of return below is an example only.

Years that Issuer exercises the call option with interest deferral and all cumulative interest
5 Years
25 Years
50 Years
100 Years
Internal Rate of Return (IRR)
6.19% p.a.
4.20% p.a.
3.19% p.a.
2.31% p.a.


This means that the longer the Issuer defers interest and incurs accumulated interest outstanding, the lower the internal rate of return (IRR).

The range of a 5-Year Government Bond Yield from 2010 – 2014 (1 October 2010 – 30 September 2014) was between 2.47% - 3.93%. However, the 5-Year Government Bond Yield, which will be used for the purpose of coupon resetting, might change from historical data and from the above example and will be based on prevailing market conditions.

Offer price is Baht 1,000 per unit with minimum subscription amount of Baht 100,000.
The allotment of the Debentures to subscribers shall be at the sole discretion of the Joint Lead Arrangers.
Prospectus availability and subscription period: 27 – 30 October 2014

For more information, please contact
  1. The Issuer will “redeem Debentures with Bullet Payment upon Dissolution of the Issuer” means Debentureshave no maturity date and will be redeemed upon Dissolution of the Issuer .
  2. Other early redemption rights at the option of the Issuer as mentioned in the Terms and Conditions of the Debentures include (1) when the Issuer cannot deduct the interest paid to the Debenture Holders as its expenses in full for the purpose of calculating the Issuer” corporate income tax in Thailand; or (2) when there is any change in the credit rating method for the Debentures, which results in the Issuer being able to treat the Debentures as equity credit securities or can be counted as the equity of the Issuer of less than the amount prior to such change; or not being able to treat the Debentures as equity credit securities for any reason whatsoever; or (3) when there is any change in the accounting standards with which the Issuer must comply, which results in the Issuer being able to treat the Debentures as equity less than the amount on the Issue Date, or not being able to treat the Debentures as equity for any reason whatsoever.
  3. “Restriction in the Case of Interest Deferral” includes if the Issuer defers the payment of interest or has interest yet outstanding, the Issuer shall (1) not declare or pay any dividend and (2) not pay any interest or distribute any asset to any holder of Parity Securities or Junior Securities and (3) not redeem, reduce, cancel or buy-back or acquire any of its Securities equal or inferior to the debenture.
  4. Based on 5-Year Government Bond Yield as of 2 October 2014, which is equal to 2.92%
  5. Investors can find the 5-Year Government Bond Yield at http://www.thaibma.or.th/yieldcurve/YieldTTM.aspx.
Warning: Investment contains risks. Investors should study information in the prospectus prior to making an investment decision.

June 2013

Issue Credit Rating: A+ by TRIS Rating

Interest payable every 6 months ( on 27th June and 27th December with the first payment on the 27th December 2013)
Minimum subscription amount of 100,000 Baht for each tranche with multiple of 100,000 Baht.
Total offering up to 2,500,000 units at 1,000 Baht per unit Total offering up to 2,500 Million Baht

Prospectus availability and Subscription period: 25 – 26 June 2013 (Issue date 27 June 2013)

Interest is payable semi-annually. The minimum subscription amount is 100,000 Baht for each tranche with subsequent multiples of 100,000 Baht. Total offering up to 2,170,000 units offered at a price of 1,000 Baht per unit. Total offering up to 2,170,000,000 Baht. The debenture raised 2,170,000,000 Baht.

Debentures of Indorama Ventures Public Company Limited

Tranche 1 IVL184A: 5-Year Tenor : Year 1-5 : 4.40% p.a.
Tranche 2 IVL206A: 7-Year Tenor : Year 1-7 : 4.70% p.a.
Tranche 3 IVL 236A : 10-Year Tenor : Year 1-10 : 5.10% p.a.

For more information, please contact Krungsri Bank tel. 1572, Bangkok Bank tel. 1333, Thanachart Bank tel. 1770 and CIMB tel. 02-626-7777 or visit the Thai Bond Market Association website - www.thaibma.or.th

December 2012

Issue Credit Rating: A+ by TRIS Rating

Interest payable every 6 months
Minimum subscription amount of 100,000 Baht for each tranche with multiple of 100,000 Baht.
Total offering up to 6,000,000 units at 1,000 Baht per unit
Total offering up to 6,000 Million Baht

Prospectus availability and Subscription period: 11 – 13 December 2012


Offer unsubordinated and unsecured debentures, rated A+ (Stable Outlook) by TRIS Rating

Tranche 1 : 6-Year Tenor : Year 1-6 : 4.52% p.a.
Tranche 2 : 8-Year Tenor : Year 1-8 : 4.78% p.a.
Tranche 3 : 10-Year Tenor : Year 1-10 : 5.11% p.a.
Tranche 4 : 12-Year Tenor : Year 1-12 : 5.28% p.a.

Interest is payable semi-annually. The minimum subscription amount is 100,000 Baht for each tranche with subsequent multiples of 100,000 Baht. Total offering up to 4,780,000 units offered at a price of 1,000 Baht per unit. Total offering up to 4,780,000,000 Baht. The debenture raised 4,780,000,000 Baht.

Debentures of Indorama Ventures Public Company Limited

Thai BMA Symbol
Issue Size
Par (THB)
Issue Rating TRIS
Total Outstanding Value
Coupon Type
Term
Issue
Maturity
Payment Date
Lead U/W
Registered Date
IVL18DA
780
1,000.00
A+
780,000.00
Fixed
6 Yrs
14-Dec-12
14-Dec-18
14/6,14/12
BBL, BAY, TBANK
14-Dec-12
IVL20DA
880
1,000.00
A+
880,000.00
Fixed
8 Yrs
14-Dec-12
14-Dec-20
14/6, 14/12
BBL, BAY, TBANK
14-Dec-12
IVL22DA
1,645
1,000.00
A+
1,645,000.00
Fixed
10 Yrs
14-Dec-12
14-Dec-22
14/6, 14/12
BBL, BAY, TBANK
14-Dec-12
IVL24DA
1,475
1,000.00
A+
1,475,000.00
Fixed
12 Yrs
14-Dec-12
14-Dec-24
14/6, 14/12
BBL, BAY, TBANK
14-Dec-12

For more information, please contact Krungsri Bank tel. 1572, Bangkok Bank tel. 1333, Thanachart Bank tel. 1770 and CIMB tel. 02-626-7777 or visit the Thai Bond Market Association website - www.thaibma.or.th

April 2012

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The draft prospectus will be available at the offices of the underwriters and the following website: www.sec.or.th on 2-4 April 2012. For more information, please contact Kasikorn Bank tel. 02-8888888, Krungthai Bank tel. 1551 and Siam Commercial Bank tel. 02-7777777 or follow on The Thai Bond Market Association website http://www.thaibma.or.th/bond_info.html

Offer unsubordinated and unsecured debentures, rated A+ (Stable Outlook) by TRIS Rating

Tranche 1: 5-Year Tenor : Year 1-3 : 4.45% p.a., Year 4-5 : 5.20% p.a.
Tranche 2: 10-Year Tenor : Year 1-3 : 5.10% p.a., Year 4-7 : 5.60% p.a., Year 8-10 : 6.00% p.a.
Tranche 3: 5-Year Tenor : Year 1-5 : 4.73% p.a.
Tranche 4: 7-Year Tenor : Year 1-7 : 5.09% p.a.
Tranche 5: 10-Year Tenor : Year 1-10 : 5.52% p.a.

Interest is payable semi-annually. The minimum subscription amount is 100,000 Baht for each tranche with subsequent multiples of 100,000 Baht. Total offering up to 9,400,000 units offered at a price of 1,000 Baht per unit. Total offering up to 9,400,000,000 Baht. The debenture raised 9,400,000,000 Baht.

Debentures of Indorama Ventures Public Company Limited

Thai BMA Symbol
Issue Size
Par (THB)
Issue Rating TRIS
Total Outstanding Value
Coupon Type
Issue
Maturity
Payment Date
Lead U/W
Registered Date
IVL174A
1,500
1,000.00
A+
1,500,000.00
Fixed
5-Apr-12
5-Apr-17
5/4, 5/10
Kbank, Ktbank, SCB
5-Apr-12
IVL224A
1,250.5
1,000.00
A+
1,250,500.00
Fixed
5-Apr-12
5-Apr-22
5/4, 5/10
Kbank, Ktbank, SCB
5-Apr-12
IVL174B
2,500
1,000.00
A+
2,500,000.00
Fixed
5-Apr-12
5-Apr-17
5/4, 5/10
Kbank, Ktbank, SCB
5-Apr-12
IVL194A
1,500
1,000.00
A+
1,500,000.00
Fixed
5-Apr-12
5-Apr-19
5/4, 5/10
Kbank, Ktbank, SCB
5-Apr-12
IVL224B
2,650
1,000.00
A+
2,649,500.00
Fixed
5-Apr-12
5-Apr-22
5/4, 5/10
Kbank, Ktbank, SCB
5-Apr-12

Source: http://www.thaibma.or.th/bond_info.html

For more information, please call Bualuang Phone Tel 1333 or visit the Thai Bond Market Association website - www.thaibma.or.th

October 2011

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Offer unsubordinated and unsecured debentures, rated A+ (Stable Outlook) by TRIS Rating

Tranche 1: 5-Year Tenor : Year 1-3 : 4.50% p.a. , Year 4-5 : 5.05% p.a.
Tranche 2: 7-Year Tenor : Year 1-4 : 4.75% p.a., Year 5-7 : 5.50% p.a.
Tranche 3: 10-Year Tenor : Year 1-4 : 5.00% p.a., Year 5-8 : 5.50% p.a., Year 9-10 : 6.00% p.a.
Tranche 4: 5-Year Tenor : Year 1-5 : 4.70% p.a.
Tranche 5: 7-Year Tenor : Year 1-7 : 5.04% p.a.
Tranche 6: 10-Year Tenor : Year 1-10 : 5.35% p.a.

Interest is payable semi-annually. The minimum subscription amount is 100,000 Baht for each tranche with subsequent multiples of 100,000 Baht. Total offering up to 7,500,000 units offered at a price of 1,000 Baht per unit. Total offering up to 7,500,000,000 Baht. The debenture raised 7,500,000,000 Baht.

Debentures of Indorama Ventures Public Company Limited

Thai BMA Symbol
Issue Size
Par (THB)
Issue Rating TRIS
Total Outstanding Value
Coupon Type
Coupon Rate (%)
Term
Issue
Maturity
Payment Date
Lead U/W
Registered Date
IVL16OA
210,000,000
1,000.00
A+
210,000,000.00
Fixed
4.5
5.01 Yrs
19-Oct-11
19-Oct-16
19/4,19/10
BBL , SCBT
19-Oct-11
IVL18OA
98,000,000
1,000.00
A+
98,000,000.00
Fixed
4.75
7.01 Yrs
19-Oct-11
19-Oct-18
19/4,19/10
BBL , SCBT
19-Oct-11
IVL21OA
37,000,000
1,000.00
A+
37,000,000.00
Fixed
5
10.01 Yrs
19-Oct-11
19-Oct-21
19/4,19/10
BBL
19-Oct-11
IVL16OB
2,690,000,000
1,000.00
A+
2,690,000,000.00
Fixed
4.7
5.01 Yrs
19-Oct-11
19-Oct-16
19/4,19/10
SCBT , BBL
19-Oct-11
IVL18OB
1,302,000,000
1,000.00
A+
1,302,000,000.00
Fixed
5.04
7.01 Yrs
19-Oct-11
19-Oct-18
19/4,19/10
BBL , SCBT
19-Oct-11
IVL21OB
3,163,000,000
1,000.00
A+
1,302,000,000.00
Fixed
5.35
10.01 Yrs
19-Oct-11
19-Oct-21
19/4,19/10
BBL , SCBT
19-Oct-11

Source: http://www.thaibma.or.th/bond_info.html

For more information, please call Bualuang Phone Tel 1333 or visit the Thai Bond Market Association website - www.thaibma.or.th