Obbligazione Thailund 1.585% ( TH062303FC01 ) in THB

Emittente Thailund
Prezzo di mercato refresh price now   100 THB  ▲ 
Paese  Thailandia
Codice isin  TH062303FC01 ( in THB )
Tasso d'interesse 1.585% per anno ( pagato 1 volta l'anno)
Scadenza 16/12/2035



Prospetto opuscolo dell'obbligazione Thailand TH062303FC01 en THB 1.585%, scadenza 16/12/2035


Importo minimo /
Importo totale 212 000 000 000 THB
Coupon successivo 17/12/2026 ( In 310 giorni )
Descrizione dettagliata La Thailandia, situata nel cuore del Sud-est asiatico, č un paese affascinante noto per la sua ricca cultura millenaria, i maestosi templi buddisti, le spiagge paradisiache e una natura lussureggiante.

The Obbligazione issued by Thailund ( Thailand ) , in THB, with the ISIN code TH062303FC01, pays a coupon of 1.585% per year.
The coupons are paid 1 time per year and the Obbligazione maturity is 16/12/2035










INFORMATION NOTICE dated 28 April 2021

THE KINGDOM OF THAILAND (Acting through the Ministry of Finance of Thailand)

Government Sustainability Bond (Debt Restructuring - On-lending) FY. B.E. 2563 No. 1 with the
aggregate principal amount of THB 10,000,000,000

Government Sustainability Bond (COVID-19) FY. B.E. 2563 No. 1 with the aggregate principal
amount of THB 20,000,000,000

Government Sustainability Bond (Debt Restructuring - On-lending) FY. B.E. 2564 No. 1 with the
aggregate principal amount of THB 20,000,000,000
(collectively, the "Bonds")

This document, which comprises (i) The Information Memorandum (Prospectus) dated 17 August 2020
and the Information Memorandum (Prospectus) dated 25 November 2020, (ii) a Description of The Issuer,
(iii) the issuer's Q4 2020 Report and 2021 Outlook, (iv) the Rating Reports form S&P, Moody's and
Fitch, constitutes an information notice for the purposes of section 5.2.1.1 of the LuxSE SOL Rulebook
edited by the Luxembourg Stock Exchange ("Information Notice" and "LuxSE" respectively).
The Information Notice has been prepared by The Kingdom of Thailand (the "Issuer"), acting through the
Ministry of Finance of Thailand, in connection with the application by the Issuer for the listing of the
Bonds on the Securities Official List held by the LuxSE (the "LuxSE SOL") of the total aggregate
principal amount of THB 50,000,000,000.

This Information Notice as well as all information contained herein is meant to provide details on the
Bonds and the Issuer in relation to the admission of the Bonds onto the LuxSE SOL without admission to
trading on one of the securities markets operated by LuxSE. The Information Notice has been prepared for
the sole goal of being admitted and displayed on LuxSE SOL. It does not provide any key information to
be used for making investment decisions.

The Information Notice is provided for information purposes only. It does not constitute and is not
construed as any advice, solicitation, offer, endorsement, commitment or recommendation to invest in the
Bonds described herein. The provision of the Information Notice is not and shall not be a substitute for
your own researches, investigations, verifications, checks or consultation for professional or investment
advice. You are using the Information Notice at your own risks.

The Issuer accepts responsibility for the information contained in this Information Notice. To the best of
the knowledge of the Issuer (which has taken all reasonable care to ensure that such is the case), the
information contained in this Information Notice is in accordance with the facts and does not omit
anything likely to affect the import of such information.

LuxSE takes no responsibility for the contents of this Information Notice, makes no representation as to its
accuracy or completeness and expressly disclaims any liability for any loss arising from or in reliance
upon the whole or any part of the contents of this document.



IMPORTANT NOTICE
NOT FOR DISTRIBUTION IN THE UNITED STATES
IMPORTANT: You must read the following disclaimer before continuing. The following disclaimer applies to the attached
Information Memorandum dated 17 August 2020 in respect of the Government Sustainability Bond (Debt Restructuring - On-
lending) FY. B.E. 2563 No. 1 and Government Sustainability Bond (COVID-19) FY. B.E. 2563 No. 1 (the "Information
Memorandum"), whether received by e-mail or otherwise received as a result of electronic communication, and you are
therefore advised to read this disclaimer page carefully before reading, accessing (including through the website of the Public
Debt Management Office (the "PDMO")) or making any other use of this Information Memorandum. In accessing this
Information Memorandum, you agree to be bound by the following terms and conditions, including any modifications to them
from time to time, each time you receive any information from Bangkok Bank Public Company Limited, Bank of Ayudhya
Public Company Limited and Standard Chartered Bank (Thai) Public Company Limited as joint sustainability structuring
advisors and joint lead managers (the "Joint Lead Managers") as a result of such access.
NOTHING IN THIS ELECTRONIC TRANSMISSION OR THIS INFORMATION MEMORANDUM CONSTITUTES
AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES OR IN ANY OTHER JURISDICTION WHERE
IT IS UNLAWFUL TO DO SO. THE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER
THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE "U.S. SECURITIES ACT"), OR THE SECURITIES
LAWS OF ANY STATE OR ANY OTHER JURISDICTION OF THE U.S. AND THE BONDS (AS DEFINED IN THIS
INFORMATION MEMORANDUM) MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES (AS
DEFINED IN REGULATION S UNDER THE U.S. SECURITIES ACT), EXCEPT PURSUANT TO AN EXEMPTION
FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE U.S.
SECURITIES ACT AND APPLICABLE STATE OR LOCAL SECURITIES LAWS.
THIS INFORMATION MEMORANDUM MAY NOT BE FORWARDED OR DISTRIBUTED TO ANY OTHER
PERSON AND MAY NOT BE REPRODUCED IN ANY MANNER WHATSOEVER AND, IN PARTICULAR, MAY
NOT BE FORWARDED TO ANY U.S. ADDRESS. ANY FORWARDING, DISTRIBUTION OR REPRODUCTION
OF THIS INFORMATION MEMORANDUM IN WHOLE OR IN PART IS UNAUTHORISED. FAILURE TO
COMPLY WITH THIS DIRECTIVE MAY RESULT IN A VIOLATION OF THE U.S. SECURITIES ACT OR THE
APPLICABLE LAWS OF OTHER JURISDICTIONS.
NONE OF THE BONDS, THIS INFORMATION MEMORANDUM OR ANY OTHER DOCUMENT OR MATERIALS
RELATING TO THE BONDS HAS BEEN OR WILL BE SUBMITTED TO THE CLEARANCE PROCEDURES OF
THE COMMISSIONE NAZIONALE PER LE SOCIETĀ E LA BORSA PURSUANT TO ITALIAN LAWS AND
REGULATIONS.
Confirmation of Your Representation: You have been sent this Information Memorandum at your request and on the basis
that:
1.
you are an Eligible Subscriber (as defined in this Information Memorandum);
2.
you are a person to whom it is lawful to send this Information Memorandum or to make an invitation to purchase the
Bonds (as defined in this Information Memorandum) under applicable laws;
3.
either (a) (i) you are an Eligible Subscriber and (ii) you are located outside the United States, or (b) (i) you are acting
on behalf of an Eligible Subscriber and have been duly authorised to so act and (ii) such Eligible Subscriber has
confirmed to you that it is located outside the United States;
4.
you are not located in Singapore or, if you are located in Singapore, you acknowledge that this Information
Memorandum has not been registered as a prospectus with the Monetary Authority of Singapore. Accordingly, you
undertake not to circulate or distribute this Information Memorandum or any offering document or material in relation
to the Bonds to any persons in Singapore and not to offer or sell or make the subject of an invitation for subscription or
purchase, whether directly or indirectly, the Bonds to any persons in Singapore, other than pursuant to, and in
accordance with the conditions of, an exemption under any provision of Subdivision (4) of Division 1 of Part XIII of
the Securities and Futures Act (Chapter 289) of Singapore, as modified or amended from time to time (the "SFA");
5.
you are not resident or located in Hong Kong or, if you are resident or located in Hong Kong, you are a professional
investor as defined in the Securities and Futures Ordinance (Cap. 571) of Hong Kong ("SFO") and any rules made
under the SFO;







6.
you are not resident or located in a Member State of the European Economic Area ("EEA") or in the United Kingdom
or, if you are resident or located in a Member State of the EEA or in the United Kingdom, you are not a retail investor
and for this purpose the expression "retail investor" means a person who is one (or more) of the following:
(i)
a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (as amended, "MiFID II"); or
(ii)
a customer within the meaning of Directive (EU) 2016/97, where that customer would not qualify as a
professional client as defined in point (10) of Article 4(1) of MiFID II; or
(iii)
not a qualified investor as defined in Regulation (EU) 2017/1129;
7.
you are not resident or located in the United Kingdom or, if you are resident or located in the United Kingdom, you are
(i) an investment professional falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005 (the "Order"); (ii) a high net worth company; or (iii) an other person to whom it may otherwise
lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred
to as "relevant persons");
8.
you are not located or resident in Italy, or if you are located or resident in Italy, you are an authorised person or are
subscribing the Bonds through an authorised person (such as an investment firm, bank or financial intermediary
permitted to conduct such activities in Italy in accordance with Legislative Decree 58 of 24 February 1998, as amended,
CONSOB Regulation No. 20307 of 15 February 2018, as amended from time to time, and Legislative Decree No. 385
of 1 September 1993, as amended) and in compliance with applicable laws and regulations or with requirements
imposed by CONSOB or any other Italian authority; and
9.
you consent to delivery of this Information Memorandum by electronic transmission.
If this Information Memorandum has been sent to you in electronic form, you are reminded that documents transmitted via this
medium may be altered or changed during the process of transmission. Consequently, none of the Issuer (as defined in this
Information Memorandum), the PDMO or the Joint Lead Managers or any person who controls, or is a director, officer,
employee, agent or affiliate of, any such person, accepts any liability or responsibility whatsoever in respect of any difference
between this Information Memorandum distributed to you in electronic form and the hard copy version available to you on
request from the Joint Lead Managers.
You are reminded that this Information Memorandum has been sent to you on the basis that you are a person into whose
possession this Information Memorandum may be lawfully delivered in accordance with the laws of the jurisdiction in which
you are resident and/or located and you may not, nor are you authorised to, deliver this Information Memorandum to any other
person. Save for the above, this Information Memorandum should not be distributed, published or reproduced (in whole or in
part) or disclosed to any other persons and is, and its contents are, confidential.
No key information document required by Regulation (EU) No 1286/2014 (as amended, the "PRIIPs Regulation") for offering
or selling securities falling within scope of the PRIIPs Regulation or otherwise making them available to retail investors in the
EEA or in the United Kingdom has been prepared and therefore offering or selling the Bonds or otherwise making them available
to any retail investor in the EEA or in the United Kingdom may, if the Bonds were to be determined to fall within the scope of
the PRIIPs Regulation, be unlawful under the PRIIPs Regulation.
Restrictions: Nothing in this electronic transmission and this Information Memorandum constitutes an offer of securities
for sale in the United States (as defined in Regulation S under the U.S. Securities Act) or in any other jurisdiction in which
such offer or solicitation would be unlawful. The Bonds which are the subject of this Information Memorandum, have
not been, and will not be, registered under the U.S. Securities Act, or the securities laws of any state or jurisdiction of the
United States or in any other jurisdiction.
The distribution of this Information Memorandum in certain jurisdictions may be restricted by law. Persons into whose
possession this Information Memorandum comes are required by the Issuer, the PDMO and the Joint Lead Managers to
inform themselves about, and to observe, any such restrictions.
You are responsible for protecting your electronic equipment against viruses and other destructive items: Your receipt
of this electronic transmission is at your own risk and it is your responsibility to take precautions to ensure that it is free from
viruses and other items of a destructive nature.









NOT FOR DISTRIBUTION IN THE UNITED STATES OF AMERICA
INFORMATION MEMORANDUM DATED 17 AUGUST 2020
STRICTLY CONFIDENTIAL
THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION


THE KINGDOM OF THAILAND
(acting through the Ministry of Finance of Thailand)
Government Sustainability Bond (Debt Restructuring - On-lending) FY. B.E. 2563 No. 1
Government Sustainability Bond (COVID-19) FY. B.E. 2563 No. 1
(collectively, the "Bonds")
The Kingdom of Thailand (the "Issuer"), acting through the Ministry of Finance of Thailand, is offering 2 tranches of fixed-rate
government bonds under the Public Debt Management Plan Fiscal Year B.E. 2563 (2020) (as amended or supplemented), as follows:
Government Sustainability Bond (Debt Restructuring - On-lending) FY. B.E. 2563 No. 1
at the fixed interest rate of 1.585% per annum, with the aggregate principal amount of up to THB 10,000,000,000
Settlement Price: 100.000000% Issue Date: 19 August 2020 Maturity Date: 17 December 2035
(the "Sustainability Bonds (Debt Restructuring - On-lending)")
As the proceeds from the offering of the Sustainability Bonds (Debt Restructuring - On-lending) will be used for purposes relating to the
MRT Orange Line (East) Project, a mass rapid transit line (for electric trains) between Thailand Cultural Centre and Min Buri
(Suwinthawong), and such project will help reduce air pollution, the Sustainability Bonds (Debt Restructuring - On-lending) have eligible
features to qualify as "Green Bonds" which fall within the Kingdom of Thailand's Sustainable Financing Framework.
and
Government Sustainability Bond (COVID-19) FY. B.E. 2563 No. 1
at the fixed interest rate of 1.585% per annum, with the aggregate principal amount of up to THB 20,000,000,000
Settlement Price: 100.005026% Issue Date: 20 August 2020 Maturity Date: 17 December 2035
(the "Sustainability Bonds (COVID-19)")
As the proceeds from the offering of the Sustainability Bonds (COVID-19) will be used for the purposes of resolving, remedying and
restoring the Thai economic and social impacts resulting from the Coronavirus disease ("COVID-19") pandemic, which contribute to an
improvement of society and the standard of living of the people of Thailand, the Sustainability Bonds (COVID-19) have eligible features
to qualify as "Social Bonds" which also fall within the Kingdom of Thailand's Sustainable Financing Framework.
The Sustainability Bonds (COVID-19) are a re-opening of the Sustainability Bonds (Debt Restructuring - On-lending). If all of the Bonds
are fully subscribed, the total aggregate principal amount (or issue size) of the Bonds will be THB 30,000,000,000.
Interest on the Bonds shall be payable semi-annually throughout the term of the Bonds of each tranche. Payments of interest in respect of
the Bonds to: (i) non-Thai tax resident companies or partnerships will be made without deduction of Thai withholding tax; and (ii) Thai
tax resident individuals and companies or partnerships and non-Thai tax resident individuals will be subject to Thai withholding tax. The
Issuer will not be required to pay additional amounts to gross-up such Thai withholding tax deduction in any case. Please see "Thai
Taxation" herein.
The Bonds shall be issued in registered form and the Issuer shall apply for the registration of the Bonds with the Thai Bond Market
Association.
The offering of the Bonds is not being made within, and this Information Memorandum is not for distribution into, the United States of
America (the "United States"). The distribution of this Information Memorandum in certain other jurisdictions may be restricted by the
laws of those jurisdictions. No action has been or will be taken in any jurisdiction in relation to the offering of the Bonds that would
permit a public offering of securities.
Subscription Period for Sustainability Bonds (Debt Restructuring - On-lending) : 17 ­ 18 August 2020
Subscription Period for Sustainability Bonds (COVID-19) : 18 ­ 19 August 2020
Warning: Investors should carefully consider the risks involved and exercise their own decision in making a decision to invest in
the Bonds.
Joint Sustainability Structuring Advisors and Joint Lead Managers




Bangkok Bank Public Company Limited
Bank of Ayudhya Public Company Limited
Standard Chartered Bank (Thai) Public
Company Limited





DISCLAIMER
The Kingdom of Thailand (acting through the Ministry of Finance of Thailand) (the "Issuer"), in its
capacity as the issuer of the Bonds (as defined in this Information Memorandum), confirms that it has
taken all reasonable care to ensure that all information contained in this Information Memorandum with
respect to the Bonds is in every material respect true and accurate and not misleading and to the best of
its knowledge and belief that, as of the date of this Information Memorandum, there are no other facts
relating to the terms and conditions of the Bonds the omission of which would make any statement in
this Information Memorandum misleading in any material respect in the context of the issue and sale of
the Bonds. In addition, the Issuer accepts full responsibility for the accuracy of the information contained
in this Information Memorandum.
THIS INFORMATION MEMORANDUM DOES NOT CONTAIN ANY DESCRIPTION
ABOUT THE ISSUER. EACH PROSPECTIVE INVESTOR RECEIVING THIS
INFORMATION MEMORANDUM ACKNOWLEDGES THAT THIS INFORMATION
MEMORANDUM MAY NOT PROVIDE THE LEVEL OR TYPE OF DISCLOSURE ABOUT
THE ISSUER THAT A PROSPECTIVE INVESTOR MAY REQUIRE WHEN MAKING AN
INVESTMENT DECISION, AND THAT PRIOR TO MAKING ANY INVESTMENT
DECISION IN RELATION TO THE BONDS, EACH PROSPECTIVE INVESTOR MUST
RELY (AND WILL BE DEEMED TO HAVE RELIED) SOLELY ON ITS OWN
INDEPENDENT INVESTIGATION OF INFORMATION ABOUT THE ISSUER AND THE
TERMS OF THE OFFERING AND THE BONDS THAT IT DEEMS NECESSARY,
INCLUDING THE MERITS AND RISKS INVOLVED, AND ACKNOWLEDGES THAT IT
HAS HAD SUFFICIENT OPPORTUNITY TO UNDERTAKE SUCH INVESTIGATION. EACH
PROSPECTIVE INVESTOR ACKNOWLEDGES THAT IT HAS SUFFICIENT KNOWLEDGE
AND EXPERIENCE IN FINANCIAL, BUSINESS AND INVESTMENT MATTERS AND THAT
IT IS CAPABLE OF EVALUATING THE MERITS AND RISKS OF ITS PROSPECTIVE
INVESTMENT IN THE BONDS, IT HAS CONDUCTED ITS OWN INVESTIGATION WITH
RESPECT TO THE RISKS INVOLVED IN INVESTING IN THE BONDS AND IS AWARE
THAT IT IS ABLE TO BEAR SUCH RISKS.
PROSPECTIVE INVESTORS UNDERSTAND AND ACCEPT THAT THE ISSUER, AND
BANGKOK BANK PUBLIC COMPANY LIMITED, BANK OF AYUDHYA PUBLIC
COMPANY LIMITED AND STANDARD CHARTERED BANK (THAI) PUBLIC COMPANY
LIMITED (COLLECTIVELY, THE "JOINT LEAD MANAGERS"), AND SUBSIDIARIES OF
THE JOINT LEAD MANAGERS, DO NOT GIVE ANY REPRESENTATION OR
WARRANTY, EXPRESS OR IMPLIED, WITH RESPECT TO ANY INFORMATION OF THE
ISSUER AVAILABLE TO THE PUBLIC INCLUDING INFORMATION ABOUT THE
FINANCIAL CONDITION OF THE ISSUER. PROSPECTIVE INVESTORS SHALL MAKE
ANY DECISION TO INVEST IN THE BONDS WITHOUT RELYING ON ANY SUCH
REPRESENTATION OR WARRANTY FROM ANY PARTY. PROSPECTIVE INVESTORS
ACKNOWLEDGE AND ACCEPT THAT (A) NEITHER THE ISSUER NOR THE JOINT
LEAD MANAGERS AND/OR THEIR RESPECTIVE SUBSIDIARIES HAVE VERIFIED ANY
INFORMATION ABOUT THE ISSUER AND (B) NONE OF THE JOINT LEAD MANAGERS
AND/OR THEIR RESPECTIVE SUBSIDIARIES HAVE VERIFIED ANY INFORMATION
ABOUT THE ISSUER AND THE BONDS, AND HAVE NO DUTY TO MONITOR THE
FINANCIAL CONDITION OR CREDIBILITY OF OR ANY ACTIVITIES CONDUCTED BY
THE ISSUER.
THE ISSUER OR THE JOINT LEAD MANAGERS AND/OR THEIR RESPECTIVE
SUBSIDIARIES MAY, FROM TIME TO TIME, RECEIVE INFORMATION ABOUT THE
ISSUER (OR THE KINGDOM OF THAILAND), WHETHER SUCH INFORMATION HAS
BEEN DISCLOSED TO THE PUBLIC. HOWEVER, NEITHER THE ISSUER NOR THE

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JOINT LEAD MANAGERS AND/OR THEIR RESPECTIVE SUBSIDIARIES SHALL BE
OBLIGED TO DISCLOSE SUCH INFORMATION TO PROSPECTIVE INVESTORS, AND
THE ISSUER AND THE JOINT LEAD MANAGERS AND THEIR RESPECTIVE
SUBSIDIARIES SHALL BE UNDER NO LIABILITY FROM ANY LOSS RESULTING
THERETO. FURTHERMORE, EACH PROSPECTIVE INVESTOR REPRESENTS THAT IT
HAS NOT RECEIVED ANY ADVICE, OPINION OR RECOMMENDATION RELATING TO
THE INVESTMENT IN THE BONDS FROM THE JOINT LEAD MANAGERS AND/OR
THEIR RESPECTIVE SUBSIDIARIES, AND SUCH JOINT LEAD MANAGERS, THEIR
RESPECTIVE SUBSIDIARIES AND ANY PERSON WHOM SUBSCRIPTION OF THE
BONDS HAS BEEN MADE THROUGH SHALL NOT BE LIABLE FOR ANY LOSS FROM AN
INVESTMENT IN THE BONDS. EACH PROSPECTIVE INVESTOR AGREES TO WAIVE
ANY CLAIM AGAINST THE JOINT LEAD MANAGERS OR ANY OF THEIR RESPECTIVE
SUBSIDIARIES ARISING FROM OR RELATING TO ITS INVESTMENT IN THE BONDS
AND AGREE NOT TO PURSUE, COMMENCE, INITIATE ANY ACTION, SUIT, CLAIM OR
OTHER LEGAL, EQUITABLE OR ARBITRATION PROCEEDING AGAINST THE JOINT
LEAD MANAGERS OR THEIR RESPECTIVE SUBSIDIARIES.
The investment in the Bonds is subject to various factors which may affect the returns on the investment,
risks or any other interests concerning prospective investors. Therefore, prospective investors should
carefully exercise their discretion in considering certain factors, relevant risks and the impacts or
consequences of their decision to invest in the Bonds. Furthermore, prospective investors should conduct
their own investigation concerning the Bonds and be aware of the terms and conditions of the Bonds
specified in this Information Memorandum or other relevant factors, including, but not limited to, the
returns on the investment and the terms of the Bonds as specified in this Information Memorandum.
The information contained in this Information Memorandum has been obtained or provided by the Issuer
and from other sources and has not been separately verified by the Joint Lead Managers. Accordingly,
no representation, warranty or undertaking, express or implied, is made and no responsibility or liability
is accepted by the Joint Lead Managers as to the accuracy or completeness of the information contained
in this Information Memorandum, the validity or enforceability of the Bonds and documents relating to
the issuance of the Bonds, capacity of the Issuer in making payment under the Bonds or any other
information provided or distributed by the Issuer in connection with the Bonds. Prospective investors
should, in any case, conduct their own due diligence investigation concerning the Bonds and the Issuer.
Each of the Joint Lead Managers assumes no duties or responsibility toward any investors receiving this
Information Memorandum, or any third person.
To the fullest extent permitted by law, none of the Joint Lead Managers or their respective subsidiaries
accept any responsibility for the contents of this Information Memorandum or for any other statement,
made or purported to be made by the Joint Lead Managers or their respective subsidiaries, or on their
behalf, in connection with the Issuer or the issue and offering of the Bonds. Each of the Joint Lead
Managers and their respective subsidiaries accordingly disclaims all and any liability whether arising in
tort or contract or otherwise (save as referred to above) which it might otherwise have in respect of this
Information Memorandum or any such statement.
No person is or has been authorised to give any information or to make any representation which is not
contained in, or which is not consistent with, this Information Memorandum or any other information
supplied by or on behalf of the Issuer in connection with the Bonds and, if given or made, such
information or representation must not be relied upon as having been authorised by the Issuer or any of
the Joint Lead Managers.
Neither this Information Memorandum nor any other information supplied in connection with the Bonds
(i) is intended to provide the basis of any credit or other evaluation or (ii) should be considered as a
recommendation or constituting an invitation or offer by the Issuer, the Joint Lead Managers and the
subsidiaries of the Joint Lead Managers that any recipient of this Information Memorandum should

- ii-





purchase any Bonds. Each investor contemplating purchasing any Bonds should make its own
independent investigation of the financial condition and affairs, and its own appraisal of the
creditworthiness, of the Issuer.
This Information Memorandum contains certain information relating to the Bonds and other related
matters which are translated from the information specified in the Thai Information Memorandum (as
defined in this Information Memorandum). To the extent that there is any conflict or inconsistency
between the Thai Information Memorandum and this English language Information Memorandum, the
Thai Information Memorandum shall prevail.
The delivery of this Information Memorandum and other documents or information relating to the
issuance and the offering of the Bonds does not at any time imply that the information contained herein
or therein concerning the Issuer is correct at any time subsequent to the date hereof or that any other
information supplied in connection with the issue of the Bonds is correct as of any time subsequent to
the date indicated in the document containing the same.
The distribution of this Information Memorandum and the offer or sale of Bonds may be restricted by
law in certain jurisdictions. The Issuer and the Joint Lead Managers do not represent that this document
may be lawfully distributed or that the Bonds may be lawfully offered, in compliance with any applicable
registration or other requirements in any such jurisdiction, or pursuant to an exemption available
thereunder, or assume any responsibility for facilitating any such distribution or offering. In particular,
no action has been taken by the Issuer or the Joint Lead Managers which would permit a public offering
of the Bonds or distribution of this document in any jurisdiction where action for that purpose is required.
Accordingly, the Bonds may not be offered or sold, directly or indirectly, and neither this Information
Memorandum nor any advertisement or other offering material may be distributed or published, in any
jurisdiction except under circumstances that will result in compliance with any applicable laws and
regulations. Persons into whose possession this Information Memorandum or any Bonds come must
inform themselves about, and observe, any such restrictions.
The Bonds have not been and will not be registered under the U.S. Securities Act (as defined herein)
and may not be offered, sold or delivered within the United States except pursuant to an exemption from,
or in a transaction not subject to, the registration requirements of the U.S. Securities Act. Accordingly,
the Bonds are only being offered in offshore transactions in reliance on Regulation S under the U.S.
Securities Act. Each subscriber of the Bonds hereby in making its subscription will be required to make
or will be deemed to have made certain acknowledgements, representations and agreements. For a
description of these and certain further restrictions on offers, sales and transfers of the Bonds and
distribution of this Information Memorandum, please see "Selling and Distribution Restrictions",
"Subscription and Settlement" and "Transfer Restrictions".
Before making decision to invest in the Bonds, each prospective investor receiving this Information
Memorandum represents that its subscription of the Bonds shall not result in a violation of the
regulations and laws relating or governing the investment in the Bonds in the jurisdiction of its resident
or any related jurisdictions and it is fully authorised and qualified to purchase the Bonds.

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CONTENTS
Page
DEFINITIONS ....................................................................................................................................... 1
SUMMARY OF THE TERMS OF THE BONDS ................................................................................. 2
RISK FACTORS .................................................................................................................................... 8
USE OF PROCEEDS DERIVING FROM THE OFFERING OF GOVERNMENT
SUSTAINABILITY BOND (DEBT RESTRUCTURING - ON-LENDING) FY. B.E. 2563 NO. 1 . 10
USE OF PROCEEDS DERIVING FROM THE OFFERING OF GOVERNMENT
SUSTAINABILITY BOND (COVID-19) FY. B.E. 2563 NO. 1 ........................................................ 11
THE KINGDOM OF THAILAND'S SUSTAINABLE FINANCING FRAMEWORK ..................... 12
TECHNICAL ASSISTANCE FOR SUSTAINABILITY BONDS ..................................................... 13
CLEARING SYSTEM ......................................................................................................................... 14
THAI TAXATION ............................................................................................................................... 15
SELLING AND DISTRIBUTION RESTRICTIONS .......................................................................... 18
SUBSCRIPTION AND SETTLEMENT ............................................................................................. 23
TRANSFER RESTRICTIONS ............................................................................................................ 24
GENERAL INFORMATION .............................................................................................................. 25








DEFINITIONS

Capitalised terms used herein shall have the same meanings giving to them under this section:
"Baht" or "THB" means the lawful currency of the Kingdom of Thailand.
"Bonds" means the Sustainability Bonds (Debt Restructuring - On-lending) and the Sustainability
Bonds (COVID-19).
"BOT" means the Bank of Thailand in its capacity as the registrar and paying agent of the Bonds.
"Business Day" means a day which is a business day of the BOT.
"Cabinet" means the Cabinet of Thailand.
"Eligible Subscriber" means the Institutional Investors and High Net Worth Investors, as defined in
this Information Memorandum.
"Issuer" means the Kingdom of Thailand acting through the MOF.
"Joint Bookrunners" or "Joint Lead Managers" means Bangkok Bank Public Company Limited,
Bank of Ayudhya Public Company Limited and Standard Chartered Bank (Thai) Public Company
Limited.
"MOF" means Ministry of Finance of Thailand.
"MRTA" means Mass Rapid Transit Authority of Thailand.
"PDMO" means the Public Debt Management Office.
"SEC" means the Securities and Exchange Commission of Thailand.
"Sustainability Bonds (Debt Restructuring - On-lending)" means Government Sustainability Bond
(Debt Restructuring - On-lending) FY. B.E. 2563 No. 1, to be issued by the Issuer.
"Sustainability Bonds (COVID-19)" means Government Sustainability Bond (COVID-19) FY. B.E.
2563 No. 1, to be issued by the Issuer.
"U.S. Securities Act" means the United States Securities Act of 1933 (as amended).
"Thai Information Memorandum" means the preliminary information memorandum dated 10 August
2020 and the (final) information memorandum dated 17 August 2020 as an official information
memorandum prepared by or on behalf of the Issuer in Thai language for the purpose of concurrent
offering of the Bonds in Thailand.
"TSD" means Thailand Securities Depository Co., Ltd.
"United States" or "U.S." means the United States of America.


0010023-0016964 SNO1: 2000544055.34
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SUMMARY OF THE TERMS OF THE BONDS
The following summary of terms and conditions of the Bonds does not purport to be complete and is
qualified in its entirety by reference to the official regulations and notifications of the MOF on or
governing the Bonds of each particular tranche and any amendments or supplements thereto. Each of
the capitalised terms used in this summary and not defined herein has the meaning set forth elsewhere
in this Information Memorandum.
The MOF (acting on behalf of the Kingdom of Thailand, in the capacity of the Issuer) is offering 2
tranches of fixed-rate government sustainability bonds under the Public Debt Management Plan Fiscal
Year B.E. 2563 (2020) which was approved by the Cabinet on 24 September 2019 (as amended and
supplemented by the amended Public Debt Management Plan Fiscal Year B.E. 2563 (2020) (the First
Amendment) which was approved by the Cabinet on 28 April 2020), as follows:
1.
Sustainability Bonds (Debt Restructuring - On-lending), with the aggregate principal amount of
up to THB 10,000,000,000 (ten billion Baht), shall be issued by the Issuer on 19 August 2020.
As the proceeds from the offering of the Sustainability Bonds (Debt Restructuring - On-lending)
will be used for purposes relating to the MRT Orange Line (East) Project, a mass rapid transit
line (for electric trains) between Thailand Cultural Centre and Min Buri (Suwinthawong), and
such project will help reduce air pollution, the Sustainability Bonds (Debt Restructuring - On-
lending) have eligible features to qualify as "Green Bonds" which fall within the Kingdom of
Thailand's Sustainable Financing Framework.; and
2.
Sustainability Bonds (COVID-19), with the aggregate principal amount of up to THB
20,000,000,000 (twenty billion Baht), shall be issued by the Issuer on 20 August 2020. As the
proceeds from the offering of the Sustainability Bonds (COVID-19) will be used for the
purposes of resolving, remedying and restoring the Thai economic and social impacts resulting
from the COVID-19 pandemic, which contribute to an improvement of society and the standard
of living of the people of Thailand, the Sustainability Bonds (COVID-19) have eligible features
to qualify as "Social Bonds" which also fall within the Kingdom of Thailand's Sustainable
Financing Framework.
The Sustainability Bonds (COVID-19) are a re-opening of the Sustainability Bonds (Debt Restructuring
- On-lending). If all the Bonds are fully subscribed, the total aggregate principal amount (or issue size)
of the Bonds will be THB 30,000,000,000 (thirty billion Baht).
The Issuer may from time to time further issue any government bonds.
The following is a summary of the principal terms and conditions of the Bonds:
Issuer:
The Kingdom of Thailand (acting through the MOF)
General:
The Bonds are local THB denominated fixed-rate government bonds
Joint Bookrunners and (1) Bangkok Bank Public Company Limited;
Joint Lead Managers:
(2)
Bank of Ayudhya Public Company Limited; and
(3)
Standard Chartered Bank (Thai) Public Company Limited.
Denominated
Thai Baht ("THB")
Currency:
Issue Size:
Up to THB 30,000,000,000 (thirty billion Baht) in total.
The issue size of each tranche of the Bonds are as follows:
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