February 14, 2008   BANK OF AYUDHYA: Plans To Sell THB20 Billion in Bonds Bank of Ayudhya intends to sell up to THB20 billion of medium- term debentures next month, Darana Chudasri at Bangkok Post reports. Proceeds from the sale will be used to finance the bank's loan growth plans, the same report says, citing Executive Vice- President Tak Bunnag.  The bank sees growth in its finance lending as a result of the government's new infrastructure megaproject investments.  It targets THB39 billion in its loan portfolio for this year. The planned bonds' rate will be fixed next month, and will mature in two to four years, the Post says. Headquartered in Bangkok, Thailand, Bank of Ayudhya Public Co. Ltd. -- http://www.krungsri.com/ -- provides a full range of banking and financial services.  The bank offers corporate and personal lending, retail and wholesale banking; international trade financing asset management; and investment banking services to customers through its branches. It has branches in Hong Kong, Vietnam, Laos, and the Cayman Islands. Bank of Ayudhya's subordinated debts carry Fitch Ratings Services' BB+ rating, effective September 2007.
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