Summary of Proposed Investment
Project Number
7150
Company Name
National Finance and Securities Public Company Limited.
Date SPI Disclosed
Oct 6, 1995
Country
Thailand
Industry
Financial Markets
Status
Completed
Sector
Broker/Dealer
Department
Regional Industry - FIG Asia & Pac
Environmental Category
FI
Previous Events
Approved : Dec 3, 1995
Signed : Dec 8, 1995
Invested : Dec 18, 1995
Project Description
Summary Of Project Information (SPI)(Revised)
| Project Name | Thailand-National Finance and Securities Public Co. Ltd. |
| Region | Asia |
| Sector | Financial Services |
Project No007150
Projected Board DateNovember 2, 1995
Company 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, 1995 |
For Additional Information contact: Corporate Relations Unit -
telephone: (202) 473-7711
facsimile: (202) 676-0365
Sponsor / Cost / Location
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