31st July 2020

Public Debt Management Office, Ministry of Finance, Rama VI Road, Phayathai, Phayathai, 10400, Tel +66 2271 7999 Fax +66 2271 7999 Ext. 5825

The Bond Switching Transaction in Fiscal Year 2020

The Public Debt Management Office (PDMO), Ministry of Finance, Kingdom of is planning to conduct bond switching transaction. Bangkok Public Company Limited, Public Company Limited, The Hongkong and Shanghai Banking Corporation Limited Bangkok Branch, and Standard Chartered Bank (Thai) Public Company Limited are acting Joint Lead Managers.

This bond switching transaction will be in the form of multiple Source Bonds to multiple Destination Bonds and is expected to be completed by August 2020. The Source Bonds will be selected from bonds with maturity of less than 3 years and the Destination Bonds will be on-the-run benchmark bonds which identified on the ThaiBMA website at: http://www.thaibma.or.th/EN/Market/YieldCurve/Government.aspx or new series of bonds. Timeline, key terms and conditions, as well as the specific exchange mechanics will be announced shortly.

For further information please contact: Public Company Limited Krungthai Bank Public Company Limited Montri Upathambhakul Kritchakorn Nontanakorn Tel: +66 2 626 4434 Tel: +66 2 208 4630 Email: [email protected] Email: [email protected]

Standard Chartered Bank (Thai) Public Company Limited The Hongkong and Shanghai Banking Corporation Limited Ketrat Viriyaprapaikit Rabinson Lochotinan Tel: +66 2 724 8972 Tel: +66 2 614 4861 Email: [email protected] Email: [email protected]

Bond Market Development Bureau, Public Debt Management Office +66 (0) 2271 7999 extension 5807 www.pdmo.go.th