Page 299 - BAM ONE REPORT 2565 (ENGLISH VERSION)

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Form 56-1 One Report 2022

22. Debt issued and borrowings

(Unit: Million Baht)

31 December 2022 31 December 2021
Notes payable
Short term 1,148 1,479

Long term 1,350 2,316
Total 2,498 3,795
Less: Deferred interest expenses (137) (222)
Total notes payable 2,361 3,573
Borrowings
Short term 5,961 9,660
Long term 4,225 4,810
Total borrowings 10,186 14,470
Debentures
Short term 9,950 6,400
Long term 63,120 55,770
Total 73,070 62,170

Less: Deferred debentures issue expenses (65) (59)
Total debentures 73,005 62,111
Grand total 85,552 80,154

22.1 As at 31 December 2022 and 2021, interest rates (percentage per annum), maturity dates
and interest payment of notes payable and borrowings were as follows:

31 December 2022 31 December 2021

Interest rate Maturity Interest rate Maturity

(% p.a) Date (% p.a) Date Interest payment
Notes payable
Short term 0.00 - 1.75 2023 0.00 - 1.90 2022 Upon maturity
Long term 0.00 - 1.75 2023 - 2029 0.00 - 1.90 2023 - 2029 Upon maturity

Borrowings
Short term 1.60 - 3.55 2023 2.10 - 3.55 2022 Every month-end / upon maturity /
every 3 months / every 6 months
Long term 1.60 - 2.93 2023 - 2026 2.10 - 3.55 2023 - 2025 Every month-end / upon maturity /

every 3 months / every 6 months

The loan agreements contain several covenants which require the Company to comply with

financial conditions such as maintenance of debt-to-equity ratio, debt service coverage ratio,
Interest bearing debt to equity.

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