Page 232 - BAM ONE REPORT 2565 (ENGLISH VERSION)
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Transaction value (million baht)
Related person/ Relationship Transaction Year ending as of Year ending as of Necessity and Rationale Opinions of the audit committee
juristic person 31 Dec 2021 31 Dec 2022
3. Krungthai Panich Insurance The Company and Krungthai Bank Public 3.1 Debenture – related transaction • The company offered debentures • Such a transaction was a financial
Bangkok Commercial Asset Management Public Co., Ltd.
Public Company Limited Company Limited have a common major • Debenture to institutional investors and/or aid program of the Company. The
shareholder which is the Financial - Beginning 75.0 55.0 High Net Worth Investors to offer price and interest rate of
10.0
20.0
Institution Development Fund. As of 31 - Increase (30.0) - manage liquidity of the company. debentures were the same offer
- Decrease
price and interest rate as the Company
They were non-subordinated
December 2020, the Development Fund - End 55.0 75.0 debentures with identification of offered to other subscribers who
held 45.8%, shares in the company and • Interest expense 2.1 2.0 the holders’ name, without were third parties.
indirectly held shares in Krungthai Panich • Interest payable 0.3 0.3 security. There is not an agent for • The audit committee considered it
Insurance Public Company Limited for the debenture holders. The and realized that such transaction
24.8% (The Development Fund holds debenture issuer had rights to was suitable and reasonable.
55.1%, shares in Krungthai Bank Public redeem the debentures before
Company Limited for and Krungthai Bank due (depending on type of
Public Company Limited holds shares in debenture)
Krungthai Panich Insurance Public • As of 31 December 2022, Krungthai
Company Limited for 45.0%) Panich Insurance Public Company
Limited held debentures for
75,000 units, with a par value of
1,000 Baht as follows
No.1/2017 on 23 June 2017
- Series No. 4, 7-year term, with
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
- Series No. 4, 8-year term, with
Maturity Date on 8 September
2025 and fixed interest rate at
3.73% per year, for 25,000
units.
- Series No. 5, 10-year term, with
Maturity Date on 8 September
2027 and fixed interest rate at
3.91% per year, for 20,000
units.
