National Finance &Securities Public Co. Limited

completed

Summary Of Project Information (SPI)(Revised)Project NameThailand-National Finance and Securities Public Co. Ltd. RegionAsiaSectorFinancial ServicesProject No007150Projected Board DateNovember 2, 1995Company NameNational Finance and Securities Public Co. Ltd.Technical Partner and/or Major Shareholders Members of the Siam Commercial Bank group are jointly the largest shareholders with a 11% equity stake. The remainder 89% is widely held by local and foreign individuals and institutions.Project Cost Including proposed IFC investment Up to US$250 million depending on market conditions. IFC will be providing loans of up to $45 million and mobilizing the remaining funds through the syndicated loan market.Location of project and Description of site Head office is in Bangkok, with eight securities trading offices and nine lending offices in the provinces.Description of Company and Purpose of Project National Finance and Securities Public Company Limited, with assets of $2.4 billion, is the third largest finance and securities company in Thailand. The project consists of loans for IFC’s own account of up to $45 million with maturities up to six years, a portion of which may be convertible into equity, and a three year B loan of up to $205 million. The project would help the Company diversify its funding sources while enabling it to make medium to long term loans to private sector companies in Thailand.Environmental Category and Issues This is a category FI project. The Company has committed to attend environmental risk managers training offered by IFC and to implement an environmental risk management system for relevant operations consistent with host country requirements and applicable World Bank policies and guidelines. An environmental coordinator has been appointed.Date SPI sent to PIC October 6, 1995For Additional Information contact: Corporate Relations Unit -telephone: (202) 473-7711facsimile: (202) 676-0365