Phatra Thanakit Finance & Securities

completed

Summary Of Project Information (SPI)Project NameThailand - Phatra Thanakit PCLa leading finance and securities company in ThailandRegionAsiaSectorProject No007786Projected Board DateDecember 5, 1996Company NamePhatra Thanakit PCLTechnical Partner and/or Major Shareholders The Company’s major shareholders belong to the Lamsam family, who own, directly and indirectly through various affiliated companies, about 31% of Phatra Thanakit’s outstanding shares. The Thai Farmers Bank PCL owns about 8.2%; Loxley PCL about 4.5%; Phatra Insurance about 4.3%; Sombat Lamsam Co. Ltd. about 8.2% and the Muang Thai Life Assurance Co. Ltd. about 5.6%. The remaining 69% is widely held by local and foreign individuals and institutions.Project Cost Including proposed IFC investment The total project cost is Yen 10 billion (about US$89 million equivalent), to be raised through a EuroYen bond offering. IFC will underwrite 30% of the issue, of which up to 15% would be held by IFC for its own account.Location of project and Description of site The Company’s Head Office is in Bangkok with eight lending offices and ten securities trading offices in the provinces.Description of Company and Purpose of Project Phatra Thanakit PCL, with assets of $2.8 billion, is Thailand’s fourth largest finance and securities company. The project consists of a Yen 10 billion (about US$89 million) five year EuroYen bond offering. The project would help the Company to diversify its funding sources by introducing it to a new international market and seek to extend the maturity of funding available to it to five years. The Company would use the proceeds to both lengthen the maturity profile of its liabilities and to extend medium to long term loans to private sector companies in Thailand.Environmental Category and Issues This is a category FI project. The Company is in the process of developing and implementing an environmental risk management system for relevant operations. Company staff have attended IFC’s training workshop and an environmental coordinator has been appointed.Date SPI sent to PIC November 14, 1996For Additional Information contact: Corporate Relations Unit -telephone: (202) 473-7711facsimile: (202) 676-0365