Dusit Thailand Plc is offering perpetual debentures for financial institutions and high-net-worth individuals between Aug 1-10 at 100,000 baht per debenture.
The hybrid perpetual debenture is a subordinated perpetual debenture. The coupon rate will be calculated as 8% for the first five years, then years six to 10 will be the five-year Thai government bond yield plus 5.9% per year.
The rate for years 11-30 is the five-year government bond plus 6.2% per year. Years 31-50 the rate is the five-year government bond plus 6.8% per year. For years 51 and beyond, the rate is the five-year government bond plus 8%.
