Page 214 - BAM ONE REPORT 2564 (ENGLISH VERSION)

212 Part 2
Corporate Governance

Transaction value (million baht)

Related person/ Relationship Transaction Year ending as of Year ending as of Necessity and Rationale Opinions of the audit
juristic person 31 Dec 2020 31 Dec 2021 committee

3. Krungthai Panich Insurance • The Company and Krungthai Bank Public 4.1 Debenture – related transaction • The company offered debentures to • Such transaction was a financially
Public Company Limited Company Limited have a common major • Debenture institutional investors and/or major aided transaction of the Company.
shareholder which is the Financial Institution - Beginning 30.0 75.0 investors to manage liquidity of the The offer price and interest rate
Development Fund. As of 31 December - Increase 45.0 10.0 Company. It is unsecured, non- of the debentures was the same
2021, FIDF held 45.8%, shares in the company - Decrease - (30.0) subordinated debenture with offer price and interest rate as
and indirectly held shares in Krungthai - End 75.0 55.0 identification of holder’s name and the Company did with other
Panich Insurance Public Company Limited • Interest payable 0.8 2.1 without an agent of the holders. The subscribers who were third parties
for 24.8% (FIDF holds 55.1%, shares in • Accrued interest payable 0.1 0.3 debenture issuer has the right to • The audit committee considered
Krungthai Bank Public Company Limited for redeem debentures before falling due. it and realized that such transaction
and Krungthai Bank Public Company Limited (depending on each serie of debenture) was suitable and reasonable.
holds shares in Krungthai Panich Insurance • As of 31 December 2021, Krungthai
Public Company Limited for 45.0%) Panich Insurance Public Company
Limited held debentures for 55,000
units, with par value of 1,000 Baht.

 No. 1/2017 on 23 June 2017
- 4 serie, 7-year term with
th
Maturity Date on 23 June 2024, and
fixed interest rate at 3.64% per
year, for 30,000 units.
 No. 2/2017 on 8 September 2017
- 4 serie, 8-year term with Maturity
th
Date on 8 September 2025, and
fixed interest rate at 3.73% per year
for 25,000 units
4. Mr. Somkiat Sirichatchai Executive’s brother 4.1 Debenture – related transaction • The company offered debentures to • Such transaction was financially
• Debenture institutional investors and/or major aided transaction of the Company.
- Beginning - 10.0 investors to manage liquidity of the The offer price and interest rate of
- Increase 10.0 10.0 Company. It is unsecured, non- the debentures was the same offer
- Decrease - - subordinated debenture with price and interest rate as the
- End 10.0 20.0 identification of holder’s name and Company did with other subscribers
• Interest payable 0.2 0.6 without an agent of the holders. who were third parties.
• Accrued interest payable 0.1 0.1 The debenture issuer has the right to • The audit committee considered
redeem debentures before falling due. it and realized that such transaction
(depending on each serie of debenture) was suitable and reasonable