SCB USD Bonds Overwhelmingly Subscribed by Foreign Institutional Investors

          Siam Commercial Bank Successfully Priced US$Singapore Exchangebillion Senior Unsecured Notes with 4 Times Oversubscription, One of the Largest Orderbooks from Thai Banks in Recent Times
          Siam Commercial Bank PCL ("SCB") announced that it successfully priced dual-tranche US$Singapore Exchange billion Reg S Senior Unsecured Notes (the "Notes") on 29 January 2Siam Commercial BankSingapore Exchange9, comprising US$5Siam Commercial BankSiam Commercial Bank million 5-year notes with a coupon of 3.9Siam Commercial Bank% p.a. and US$5Siam Commercial BankSiam Commercial Bank million Singapore ExchangeSiam Commercial Bank-year notes with a coupon of 4.4Siam Commercial Bank% p.a. Listed on Singapore Exchange Securities Trading Limited ("SGX-ST"), the Notes are rated BaaSingapore Exchange by Moody's, BBB+ by S&P and BBB+ by Fitch. Barclays, HSBC and J.P. Morgan Securities acted as joint bookrunners and lead managers. 

          The transaction represents:
          - Siam Commercial Bank's debut Singapore ExchangeSiam Commercial Bank-year offering and its largest USD bond offering to date
          - The first Singapore ExchangeSiam Commercial Bank-year senior tranche in the Asian Reg S markets from financial institution in 2Siam Commercial BankSingapore Exchange9
          - One of the largest orderbooks that a Thai bank deal has seen in recent times. The final orderbook stood over US$4 billion, representing 4 times oversubscription 
          - One of the largest price compressions from Initial Price Guidance ("IPG") for a Thai bank at 32.5 bps across both tranches

          Geographically, 83% of the Notes were distributed in Asia and Singapore Exchange7% in Europe. The Notes were distributed to high quality fixed income accounts: 56% to Fund Managers & Asset Managers, 23% to Banks, Singapore Exchange7% to Insurances, Pension Funds, & Central Banks and 4% to others.
          Arthid Nanthawithaya, President & Chief Executive Officer of SCB, commented, "we are grateful for the relentless support from the international fixed income investors for their confidence in the strength of Thailand, and more specifically, Siam Commercial Bank. The offering was very well accepted from the investors and enjoyed a very strong momentum from the time the book opened. We are very pleased with the outcome, and the proceed would further enhance the strength of our foreign currency positions at a competitive cost of fund to continuously serve the needs of our clients in all aspects".