ß πº «Àπ ȵà ߪ» Õ π Ë à π Èπ Õπ π 2546

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1 ß πº «Àπ ȵà ߪ» Õ π Ë à π Èπ Õπ π 2546 Èπ Õπ π 2546 ÿ Õ π Ë à π æ å Õ Àπ ȵà ߪ» ß â ß Èß Èπ 25.1 æ π â π Õ å Õ. æ Ë Èπ Èπ Õπ π«2545 ªìπ π«π 0.1 æ π â π Õ å Õ. Àπ È Ë æ Ë Èπ 1) ß π âÿ ÿ ÿ ß π Ë ÿ ºà π.µ. 40 ÀâÀπ È æ Ë Èπ 0.2 æ π â π Õ å Õ. 2) ª Ë π ª ß ÕßÕ µ ª Ë π ÀâÀπ È æ Ë Èπ 0.1 æ π â π Õ å Õ. 3) âÿ àπ ß π â ª» ÀâÀπ È æ Ë Èπ 0.1 æ π â π Õ å Õ. π Ë Àπ È ß πàπ È ÿ µ.µ π«π 0.2 æ π â π Õ å Õ. π «Õ ËπÊ àπ ºà π FCD πµà ߪ» À Àπ È à àß π â ÕÕ ª ß â ßÀπ È ªìπµâπ ÀâÀπ È ßÕ 0.1 æ π â π Õ å Õ. 1. π «Àπ ȵà ߪ» à«π «âõ Ÿ ΩÉ ª π ß π Á âõ Ÿ π âõ Ÿ π Ààߪ» â π π «âõ Ÿ Àπ ȵà ߪ» Õß ÿ Õ π Ë à π æ å Ë Á âõ Ÿ µ Èß µà Èπªï 2541 ªìπµâπ π 𠫪ìπª ÿ µ µ Èß µàªï 2543 π Èπ À «ß«Èπ Õπ π 2546 π È Õ π π º «ßπ È 1.1 Õ µ ««Àπ ȵà ߪ» Õß ÿ Õ π Ë à π ß«Èπ Õπ π 2546 ªìπ «ËÕ ÿ Õ π Ë à π Ë Àπ ȵà ߪ» ÿ π«π 2,653 Àπ ȵà ߪ» ( æ Ë ªìπ ß π Ÿâ µ Àπ È à «Àπ È Ë ªìπ π ËÕ â ) Õ ÿ ª âõ 99.4 ÕßÀπ ȵà ß ª» Ë ªìπ ß π Ÿâ µ Àπ È Õß Õ π Ë à π Ë ÿ ºà π ß πµ.µ. Èß Èπ ÿ µõ Õ Èß Èπ 1,596 ªìπ âõ 60.2 Õß Õ Ë àßõõ Èß Èπ πõ π Èπ µ π È ÿ À à Ë ß à ËÕ π âõ Ÿ «µà ÿ Ÿâ π ß π Ÿâ µà ߪ»ºà π.µ. π«π 98 Á âπ âõ Ÿ Ÿâ «π ª «º «Èßπ È â«1.2 «Á ª âõ Ÿ Àπ ȵà ߪ» ë Õ Ë â µõ ÿ Õ π π«π 1,596 π âõ Ÿ Àπ ȵà ߪ» ß â ß Èπ Õπ π 2546 Ë â ª Õ Àπ È ß â ß Èπ Õπ π«2545 ËÕ à«πµà ß Èπ Á π à«πµà ßπ Èπ µ «Õ âõ Ÿ ÿ π â πàπ ȵà ߪ» ß π.µ µ. 40 1/ Ë Èπ π à«ß µ Ë 1 ªï / ß π.µ. 3 Õ ß π Ë ÿ À Õ ÿ ËÕ ß πµ µà ß ª» Ë â à à π â Ë Ÿ à π 10,000 Õ å Õ. À Õ à Àâµ «π Õπÿ µ À Õπ â ß πω ß πµ µà ߪ» (ª Ÿ à ˵âÕß ß π Ÿ à π 5,000 Õ å Õ. ªìπ 10,000 Õ å Õ. µ Èß µà ) ß π.µ. 4 Õ ß π Ë ÿ À Õ ÿ ËÕ ÈÕ ß πµ µà ߪ» µ «π Õπÿ µ À Õ Õπ ß π ß πω ß πµ µà ߪ» Ÿ à π 10,000 Õ å Õ. À Õ à æ ËÕ à À ÕÕ ËπÊ Ë à à π â (ª Ÿ à ˵âÕß ß π Ÿ à π 5,000 Õ å Õ. ªìπ 10,000 Õ å Õ. µ Èß µà ) ß π.µ. 5 Õ Õ ÈÕ ß πµ µà ߪ» À Õ Õπ ß π ß πω ß πµ µà ߪ» À Õ Õ ËπÊ Ëß àõ Ÿà π à ˵ «π Õπÿ µ ß π â Ëß µâõß ÕÕπÿ µ â æπ ß π «ÿ ª Ë π ß π àõπ ÿ ß π.µ. 40 Õ ß πª «π ß ß π Õß ÿ Ë Ëπ ËÕ ŸàπÕ ª» Ëßµ «π Õπÿ µ µâõß àß Àâ π Ààߪ» ËÕ ß π â À Õ Õπ ß πõõ P22 π Ààߪ» µ» ß π µ

2 Report on Private Non-Bank External Debt Survey as-end March 2003 At the end of March 2003, private non-bank external debt registered an outstanding amount of US$25.1 billion, representing an increase from the end of December 2002 by US$0.1 billion. Such increase was mainly due to 1) Baht denominated borrowings via F.T.40 recorded a net increase of US$0.2 billion 2) exchange rate valuation changes led to an increase of US$0.1 billion and 3) new borrowings without foreign currency inflow caused an increase of US$0.1 billion. Meanwhile, the reduction in external debt resulted from net repayments via F.T. 3, 4, 5 records amounted to US$0.2 billion and other reasons such as overseas FCD account transfer, debt offset by exports revenue and debt restructuring processes totaled US$0.1 billion 1. Introduction Bank of Thailand (BOT), by External Debt Survey Team, Survey Division, Data Provider Relation Department, Data Management Group has conducted a survey of private non-bank external debt statistics since end 1998, with the accompanied, quarterly sample surveys from the year 2000 onwards. The survey results with respect to the first quarter of 2003 can be summarized as follows: 1.1 Coverage The 1Q 2003 comprehensive list of 2,653 eligible, private non-bank enterprises, encompasses those companies registering some financial records associated with borrowings, repayments or external debt outstanding. The data obtained is expected to capture more than 99.4 percent of overall private non-bank external debt transactions (i.e., loans and debt securities excluding trade credits) reported via F.T. reports (F.T.= Foreign Transaction). Of this, 1,596 enterprises returned the completed survey forms, representing 60.2 percent response rate. In addition, in this quarter, there are 98 enterprises which are not included in the survey list but have contracted new borrowings/repayments during the survey period via F.T. reports. That amount would also be recorded for the data compilation. 1.2 Collection Method 1) External debt data as end-march 2003 is collected through a survey form (Form 42) sent to a selective group of private non-bank enterprises. The amount of external debt outstanding as-end March 2003 obtained from the 1,596 respondents would then be subtracted by the as-end December 2002 figure. The differences between the two will be compared with the actual ùinflow and outflowû records obtained from ITRS report from the corresponding period (i.e., Forms F.T. 3, 4, 5 and 40) 1/. 1/ Form F.T.3 is the Report on sale of foreign currency to authorized agent or deposit to foreign currency deposit account for amount exceeding US$10,000 or equivalent and not for payment of goods. (adjusted the amount of reported transaction from US$5,000 to US$10,000 since 2 September, 2002) Form F.T.4 is the Report on purchase of foreign currency from authorized agent or withdraws from foreign currency deposit account for amount exceeding US$10,000 or equivalent and not for payment of goods. (adjusted the amount of reported transaction from US$5,000 to US$10,000 since 2 September, 2002) Form F.T.5 is the Report on purchase of foreign currency from authorized agent or withdraws from foreign currency deposit account in cases that cannot be permitted by authorized agent. The purchaser has to ask for the permission from the Competent Officer of Exchange Control. Form F.T.40 is the Daily Report on non-resident baht account submitted to the Bank of Thailand by authorized agent. The report shows the detail of deposit and/or withdrawal of the account. Second Quarter 2003 Economic and Financial Statistics Bank of Thailand P23

3 ªìπ ÿ À àµ ß π Á» æ åµ «Õ âõ Ÿ ÿ Õ π ÿ àõπ Ë ª âõ Ÿ Àâ Ÿ µâõßµ ßµ «ªìπ ß ë ÿ Õ π Ë à âµõ Õ π«π 1,057 â ª âõ Ÿ Àπ ȵà ߪ» â Õ ß â ß ß«Èπ Õπ π«2545 âõ Ÿ ÿ π â πàπ È µà ߪ» ß π.µ Ë Èπ π à«ß µ Ë 1 ªï 2546 π«ªìπ Õ ß â ßÀπ ȵà ߪ» Èπ Õπ π 2546 ªìπ ÿ ë À ÿ Õ π Ë à Àπ ȵà ߪ» ß â ß «Èπ Õπ π«2545 µà ÿ Ÿâ ß π µà ߪ» π à«ß µ Õߪï 2546 Á π âõ Ÿ µ ˪ Ø π.µ. π π π«ªìπàπ È ß â ß Èπ Õπ π 2546 â«ë ÿ À à Ë à ËÕÕ Ÿà π ÿà «µà π â ß π Ÿâ µà ߪ» π à«ß µ Ë 1 ªï 2546 π«π 98 ß π Ÿâπ â µ.µ. 3 «193.7 â π Õ å Õ. Á âπ âõ Ÿ π «â π æ ËÕª «º «ªìπÀπ ȵà ߪ» πß«π È â«àπ π π ËÕ ËÕ Ÿà æ ËÕ àß «πß«µàõ ª ë à«π Ë à ËÕ π «µà π ß π Ÿâ π à«ß µ Ë 1 ªï 2546 π«π 57 ß πõõ ª ªìπ π«π â π Õ å Õ. Á âπ Õ ππ È À Àπ È ß â ß π ª à«π Ë à Á âõ Ÿ â 1.3 «ªØ µ ß π Á ««âõ Ÿ «π «âõ Ÿ π µ Èß µà àß Õ Õ ËµÕ µ «Õ âõ Ÿ Ë â ß π.µ. Balance Sheet µ µ Õ âõ Ÿ ß» æ å π âõ Ÿ â ß π ª «º µ ß ß πº «ªìπ «Èß Èπ 53 «π Ë µ Èß µà«π Ë 1 π ß«π Ë 20 ÿπ π π«ß ª ª ÿß Á âõ Ÿ Àπ ȵà ߪ» ë «π «Àπ ȵà ߪ» π ÿ µ ß ß µ «À ËÕ ÿ Èß Ë â àß ß ÿπ à â àß ß ÿπ Ë π â π â À àê æ ËÕ Õ «à àõàπ È àπ ß π â ª» µà Õπ ª à π â π µà ߪ»À Õ à Ëß π µ π È â Õ ºŸâª Õ Ë π â π â À à π«π 27 àæ Ÿâ ß π àπ ß π â µàõ à ß ë ª ª ÿß π âõ Ÿ ËÕ ÿ Õ π ËÕ Ÿà π «π µà µ â âõ Ÿ ÿ ÈÕ ß πµ µà ߪ»ºà π.µ à«õ À àß µà ßÊ àπ «ßæ å æ ªìπµâπ æ ËÕ Àâ â Õ ËÕ ËÕ Ÿà À» æ åµ µàõ Õß ÿ Ëß ªìπ Ëß ªìπ Ëß π µ µ àõàπ ȵà ߪ» À ÿ À à «ßºŸâ Ë Àπ È µà à âõ Ÿà π «Àπ È Õ π º µ ßµàÕ «Ÿ µâõß àπ Õß âõ Ÿ 2. ÿªº ««âõ Ÿ Àπ ȵà ߪ» Õß ÿ Õ π Ë à π Èπ Õπ π 2546 ºŸâµÕ Õ π ªìπ π«π 1,596 ªìπ âõ 60.2 Õß Õ Ë àßõõ Èß Èπ ËÕ «âõ Ÿ Õß ÿ Ë à âµõ Õ ÿ Ë ËÕ Ÿà à Ÿ å à µ µàõ â «Èß ÿ Ë àõàπ È À à π µ Ë 1 ªï 2546 Ë ««Õ ˪ Ø π.µ â«π âõ Ÿ ÈßÀ ª «º æ «à Àπ ȵà ߪ» Õß Õ π Ë à π Õ ß â ß æ Ë Èπ µ àõπ ªìπ π«π 0.1 æ π â π Õ å Õ. Àπ È ÿ ß π æ Ë Èπ 0.2 æ π â π Õ å Õ. ËÀπ È ß π Ÿâ µ Àπ È Ë ªìπ ÿ ß πµ µà ߪ» ß 0.1 æ π â π Õ å Õ. À æ «ÕßÀπ ȵà ߪ» Õ π Ë à π Èπ Õπ π 2546 Ë «â ª âõ Ÿ µ ß π.µ. π à«ß µ Ë 1 ªï 2546 ÿª â ßπ È ÿ Õ π ËÕ Ÿà π ÿà «Á âõ Ÿ Àπ È µà ß ª» â π«π 2,227 Àπ ȵà ߪ» ß â ß ªìπ ß π 24.9 æ π â π Õ å Õ. π ªìπÀπ Ȫ ß π Ÿâ ß πµ µà ß ª» â Àπ È πµà ߪ» 17.6 æ π â π Õ å Õ. µ Àπ È ÿ ß πµ µà ߪ» (ª Õ â«frn, FRCD, Promissory Note, Bill of Exchange Bonds) 2.7 æ π â π Õ å Õ. Ë À ÕÕ 4.6 æ π â π Õ å Õ. ªìπÀπ È ß π Ÿâ µ Àπ È Ë ªìπ ß π P24 π Ààߪ» µ» ß π µ

4 In case any inconsistencies arise, a cross-checking would be implemented promptly to all related enterprises, mostly via telephone, in order to reconcile such data discrepancies. 2) As for the 1,057 enterprises with no response, a proxy for end-march 2003 debt outstanding figure could be estimated using end-december 2002 outstanding, adjusted by new borrowings and subtracting actual repayments during the first quarter of 2003 (obtained from F.T.3, 4, 5 reports). 3) As for those non-bank enterprises, which do not possess any external debt outstanding as-end December 2002, but have contracted new borrowings/repayments during January-March, the as-end March 2003 outstanding can be approximated using the corresponding F.T. 3, 4, 5 records. 4) As for the 98 new enterprises previously not listed in the current survey database system but contracted some new borrowings during 1Q 2003, the corresponding debt outstanding which amounted to US$193.7 million can also be derived from F.T.3 reports. The name of those enterprises would then be updated in the survey database on regular basis and hence be ready for the following surveys. 5) Meanwhile, for the 57 enterprises not captured under the survey database but recorded the repayments of US$33.38 million during the first quarter of 2003, such repayments would then be deducted directly from the debt outstanding estimate, under the çnon-traceableé categories. 1.3 Timeframe of the Survey The whole survey process involves sending out the survey form, receiving the returned survey form, collecting/verifying the informed data with the F.T. reports and arranging Balance Sheet, inquiring information from enterprises by phone, saving data to the survey system, compiling data and producing survey reports along with output tables: with the corresponding survey schedule beginning from April 1, until June 20, 2003, or 53 working days altogether. 1.4 Improvements on External Debt Data Collection 1) The External Debt Survey Team continually improved method of survey to cover external debt items which do not have corresponding actual foreign currency inflow. Regarding this, during this quarter the Team has checked with the 27 large enterprises who have been granted the BOIûs investment promotion campaign and have also registered some capital goods imports. It was found that, no evidence regarding such borrowing activities was found. 2) In order to improve the accuracy of the company profile in the survey database which is necessary for following up the incurred debt of both new enterprises and former enterprises that we not recorded in the survey database, the External Debt Survey Team has tried to obtain the details of enterprisesû name, address and telephone number from F.T.3, 4, 5, 40 reports and other sources such as Ministry of Commerce, Revenue department. 2. Survey Results Summary As-end March 2003, there are 1,596 non-bank enterprises who completed and returned the survey forms capturing 60.2 percent of overall survey enterprises in addition to those of the ùno-responseû companies, ùun-contactedû enterprises due to incomplete addresses and ùnewly-contractedû enterprises in 1Q 2003, of which the proxies could be estimated based upon the F.T. 3, 4, 5 input. The survey results suggest that the private non-bank external debt (USD equivalence) increased from the previous survey by US$0.1 billion. With this regard, such amount could be separated into two parts: i.e., the increase of Baht debt by US$0.2 billion and the reduction in foreign currency loans and debt securities by US$0.1 billion. According to the survey results of response enterprises and data adjusted by F.T.Reports of no-response enterprises, Thailandûs external debt outstanding as-end March 2003 can be summarized as follows: As-end March 2003, Thai private non-bank sectorûs external debt outstanding stood at US$24.9 billion, all of which came from 2,227 private enterprises. This amount comprises of foreign currency loans from lenders abroad totaling US$17.6 billion, debt instruments (including FRN, FRCD, P/N, B/E and Bonds) of US$2.7 billion while the remaining US$4.6 billion are in the form of Baht loans and Baht denominated debt securities, accordingly. Second Quarter 2003 Economic and Financial Statistics Bank of Thailand P25

5 Õ ÿàπ È π µ Ë Ÿâ (Original Maturity) ªìπÀπ È «18.2 æ π â π Õ å Õ. Àπ È Èπ 2.0 æ π â π Õ å Õ. Àπ È Ë à Àπ «π Àπ È Ë π ËÕ «ß Àπ È Ë âõ Ÿ Àπ «π à Ÿ å «4.7 æ π â π Õ å Õ. ªìπ à«π âõ 72.9, ÕßÀπ ȵà ߪ» «µ Õ µ Õ È Ë ÕßÀπ È µà ߪ» ÿ ª ªìπ âõ 3.85 µàõªï à«π Ÿâ ß π π Õ À Õ à Ë à Õ È à«π âõ 1.0 Õß Õ Àπ È µà ߪ» ß â ß Èß Èπ ª Õ È πè Àπ ( âõ ) Õ µ Õ È ( âõ ) FIXED RATE LIBOR SIBOR BIBOR TIBOR Õ ËπÊ « À Õ ÕßÀπ ȵà ߪ» Èπ Õπ π 2546 π µ ª ß π Ÿâ Õ ÿàπ È Õ µ Õ È ÿ ß π ª» â Àπ È Ÿ â µ ß ÿªº «π â ß ππ È 3. ª âõ Ÿ Àπ ȵà ߪ» Õ π Ë à π Èπ Õπ π«2545 Èπ Õπ π 2546 âõ Ÿ Àπ ȵà ߪ» Õß Õ π Ë à π Èπ Õπ π 2546 Ë «Á âõ Ÿ â Àπ ȵà ß ª» ß â ß 24.9 æ π â π Õ å Õ. ËÕ «Àπ È Õß ÿà Ë à Á âõ Ÿ â Ëß Àπ È ß â ß π«π 0.2 æ π â π P26 π Ààߪ» µ» ß π µ

6 When broken down by original maturity, long term debt accounts for US$18.2 billion; short term debt amounts to US$2.0 billion, along with the ùat callû, ùno ageû maturity and ùincomplete due dateû debt totaling US$4.7 billion, representing 72.9, 8.1 and 19.0 percent of total external debt, respectively. Interest rate for all debt types averaged 3.85% per annum while those borrowings from the affiliated company or parent company (with no interest) accounted for 1.0 percent of total borrowings. Further details could be tabulated as follows: Interest Rate Type Weight Interest Rate (percent) (percent per annum) Fixed Rate LIBOR SIBOR BIBOR TIBOR Others Total For more details regarding external debt statistics as-end March 2003, classified by loan type, maturity, interest rate, currency as well as by location, please see the attached summary tables. 3. External Debt Comparison As-end March 2003, private external debt outstanding data amounted to US$25.1 billion. Of this, US$24.9 billion was obtained from the survey data base while the other US$0.2 billion was from our current estimate of ùnon-traceableû portion (compiled via F.T. reports). When compared to the end-december 2002 Second Quarter 2003 Economic and Financial Statistics Bank of Thailand P27

7 Õ å Õ. Àâ Õ Àπ ȵà ߪ» ß â ß «Èß Èπ ªìπ 25.1 æ π â π Õ å Õ. æ Ë Èπ Àπ È ß â ß Èπ Õπ π«2545 π«π 0.1 æ π â π Õ å Õ. ª Ë π ª ß π â ªìπ â π Õ å Õ. 1) πàπ È ÿ µ ˪ Ø π.µ ) Àπ È Ë æ Ë Èπ ÿ µ ˪ Ø π.µ ) Àπ È Ë ª Ë π ª ß Õ µ ª Ë π ) Àπ È Ë æ Ë Èπ ß π Ÿâ Ë àπ ß π â ) Àπ È Ë ß Àµÿº Õ ËπÊ ( àπ ª ß â ßÀπ È Õπ FCD πµà ß ª» ªìπµâπ) «Àπ ȵà ߪ» à«π «âõ Ÿ ΩÉ ª πß π Á âõ Ÿ π âõ Ÿ ÿπ π 2546 P28 π Ààߪ» µ» ß π µ

8 figure, the end-march 2003 outstanding rose by US$0.1 billion, accordingly. Such external debt changes could be described as follows: Million of US$ 1) Net repayments as shown in F.T.3, 4, ) Net borrowings as shown in F.T ) Exchange rate valuation changes ) New borrowings without foreign currency inflow ) Debt decrease from other reasons (For instance, debt restructuring processes and overseas FCD account transfer,etc.) External Debt Survey Team Survey Division, Data Provider Relation Department Data Management Group June 2003 Second Quarter 2003 Economic and Financial Statistics Bank of Thailand P29

9 µ ß Ë 1 Table 1 Àπ ȵà ߪ» Õß ÿ Õ π Ë à π 1/ : ª Àπ È Õ ÿàπ È Private Non-Bank External Debt 1/ : Type of Debt & Maturity Èπ Õπ π 2546 As End March 2003 ( â π Õ å Õ.) (Millions of US$) ª Àπ È Type of debt (1) Õ ÿàπ ȵ (2) Õ ÿàπ ȵ «Ë À Õ Original Maturity Remaining Maturity «Èπ Õ ÿàπ È Ë 2/ «Èπ Õ ÿàπ È Ë 2/ ªï/ Õπ/«π Year/Month/ Day Shortterm Longterm Longterm Shortterm ªï/ Õπ/«π Year/Month/ Day (3) ËÕ «ß & à Àπ «At call & No age «Total (1) + (3) or (2) + (3) ª Àπ È Type of debt 1. ß π Ÿâ ß πµ µà ߪ» ºŸâ Àâ Ÿâ πµà ߪ» 12,914 1,557 08/01/04 10,392 4,079 04/03/06 3,181 17, Foreign currency loans : Borrowed from non-residents 2. µ Î«Õ µ Õ È Õ µ «, µ ß πω Õ µ Õ È Õ µ « /06/ /08/ Frn, Frcd 3. µ Ϋâ ß π /05/ /02/ Promissory Notes 4. µ Î«ß π /00/ /11/ Bills of Exchange 5. Àÿâπ Ÿâ 2, /01/10 1,082 1,264 03/04/ , Bonds 6. ß π Ÿâ ºŸâ Ëπ ËÕ Ÿà πµà ߪ» 2, /06/23 2, /08/26 1,503 3, Baht Loans : Borrowed from Non-Residents 7. µ Àπ È ÿ ß π Èß Èπ/ « /03/ /06/ Short/Long-Term Debt Securities (Baht Currency) Ë Õ ºŸâ Ëπ ËÕ Ÿà πµà ߪ» 3/ Foreign Creditors 3/ «: µ Àπ È ÿ ß πµà ߪ» (2 5) 2, /05/26 1,223 1,436 03/02/ ,705 Sub Total Foreign Currency Debt Securities (2 5) «: Àπ È ÿ ß πµà ߪ» (1 5) 15,451 1,678 08/03/04 11,615 5,515 04/01/20 3,227 20,356 Sub Total Foreign Currency Debt (1 5) «: Àπ È ÿ ß π (6 7) 2, /04/30 2, /09/22 1,508 4,582 Sub Total Baht Debt (6 7) Õ «Àπ ȵà ߪ» Õß ÿ Õ π Ë à π (1 7) 18,186 2,018 07/11/211 14,076 6,129 04/02/28 4,735 24,939 Total Private Non-Bank External Debt (1 7) 1/ à «Àπ Ȫ π ËÕ ß â Ë â µà ߪ» à «µ Àπ È ß π ËÕÕ Àπà πª» Õ ºâŸ Ëπ ËÕ àÿ πµà ߪ» 1/ Excluding Outstanding of Trade Credits Received from Overseas Baht Debt Securities Issued by Thai Residents in a Market inside Thailand and Held by Non-Residents 2/ à «Àπ È à Àπ «π Àπ È Ë π ËÕ «ß 2/ Excluding Debt Contracts Under çno Ageé and çat Callé Categories 3/ à «µ Àπ È ß π ËÕÕ Àπà πª» Õ ºâŸ Ëπ ËÕ àÿ πµà ߪ» 3/ Excluding Baht Debt Securities Issued by Thai Residents in a Market Inside Thailand And Held by Non-Residents Ë : «Àπ ȵà ߪ» Õß ÿ Õ π Ë à π π âõ Ÿ π Ààߪ» Source : Private Non-Bank External Debt Survey, Data Management Group, Bank of Thailand P30 π Ààߪ» µ» ß π µ

10 µ ß Ë 2 Table 2 Àπ ȵà ߪ» Õß ÿ Õ π Ë à π 1/ : Õ µ Õ È Ë Private Non-Bank External Debt 1/ : Average Interest Rate Èπ Õπ π 2546 As End March 2003 ( âõ ) (Percent) ª Àπ È Type of Debt Libor 2/ Sibor 2/ Bibor 2/ Tibor 2/ Õ µ ß Ë Fixed Õ ËπÊ Others Ë ÿ ª Average ª Àπ È Type of Debt 1. ß π Ÿâ ß πµ µà ߪ» ºŸâ Àâ Ÿâ πµà ߪ» Foreign Currency Loans : Borrowed from Non-Residents 2. µ Î«Õ µ Õ È Õ µ «, µ ß πω Õ µ Õ È Õ µ « Frn, Frcd 3. µ Ϋâ ß π Promissory Notes 4. µ Î«ß π Bills of Exchange 5. Àÿâπ Ÿâ Bonds 6. ß π Ÿâ ºŸâ Ëπ ËÕ Ÿà πµà ߪ» Baht Loans : Borrowed from Non-Residents 7. µ Àπ È ÿ ß π Èß Èπ/ « Short/Long-Term Debt Securities (Baht Currency) Ë Õ ºŸâ Ëπ ËÕ Ÿà πµà ߪ» 3/ Foreign Creditors 3/ «: µ Àπ È ÿ ß πµà ߪ» (2 5) Sub Total Foreign Currency Debt Securities (2 5) «: Àπ È ÿ ß πµà ߪ» (1 5) Sub Total Foreign Currency Debt (1 5) «: Àπ È ÿ ß π (6 7) Sub Total Baht Debt (6 7) Õ «Àπ ȵà ߪ» Õß ÿ Õ π Ë à π (1 7) Total Private Non-Bank External Debt (1 7) 1/ à «Àπ Ȫ π ËÕ ß â Ë â µà ߪ» à «µ Àπ È ß π ËÕÕ Àπà πª» Õ ºâŸ Ëπ ËÕ àÿ πµà ߪ» 1/ Excluding Outstanding of Trade Credits Received from Overseas and Baht Debt Securities Issued by Thai Residents in a Market Inside Thailand and Held by Non-Residents 2/ «Spread 2/ Including Spread 3/ à «µ Àπ È ß π ËÕÕ Àπà πª» Õ ºâŸ Ëπ ËÕ àÿ πµà ߪ» 3/ Excluding Baht Debt Securities Issued by Thai Residents in a Market Inside Thailand And Held by Non-Residents Ë : «Àπ ȵà ߪ» Õß ÿ Õ π Ë à π π âõ Ÿ π Ààߪ» Source : Private Non-Bank External Debt Survey, Data Management Group, Bank of Thailand Second Quarter 2003 Economic and Financial Statistics Bank of Thailand P31

11 µ ß Ë 3 Table 3 Àπ ȵà ߪ» Õß ÿ Õ π Ë à π 1/ : π µ Õ ÿàπ ȵ Private Non-Bank External Debt 1/ : Breakdown by Original Maturity Èπ Õπ π 2546 As End March 2003 ( â π Õ å Õ.) (Millions of US$) ß π âÿ ß πµ µ Àπ È Àπ È ÿ Õ «Àπ È µà ߪ» ÿ ß πµ ß π 3/ µà ߪ» ºâŸ Àâ âÿ π µà ߪ» 2/ Õß ÿ Õ π Õ ÿàπ ȵ µà ߪ» Ë à π Õ ÿàπ ȵ Original Maturity Foreign Foreign Baht Debt 3/ Total Private Original Maturity Currency Currency Non-Bank Loans : Debt External Borrowed Securities 2/ Debt from Non-residents (4) = (1) + (1) (2) (3) (2) + (3) ËÕ «ß & à Àπ «3, ,508 4,735 At call & no age à π 1 ªï 1, ,018 Less than or equal to 1 Year «à 1 ªï 2 ªï ,053 More than 1 Y 2 Y «à 2 ªï 3 ªï ,075 More than 2 Y 3 Y «à 3 ªï 4 ªï ,082 More than 3 Y 4 Y «à 4 ªï 5 ªï ,123 More than 4 Y 5 Y «à 5 ªï 6 ªï ,284 More than 5 Y 6 Y «à 6 ªï 7 ªï More than 6 Y 7 Y «à 7 ªï 8 ªï 1, ,689 More than 7 Y 8 Y «à 8 ªï 9 ªï More than 8 Y 9 Y «à 9 ªï - 10 ªï ,374 More than 9 Y 10 Y «à 10 ªï 6, ,083 More than 10 Years «17,651 2,705 4,582 24,939 Total 1/ à «Àπ Ȫ π ËÕ ß â Ë â µà ߪ» à «µ Àπ È ß π ËÕÕ Àπà πª» Õ ºâŸ Ëπ ËÕ àÿÿ πµà ߪ» 1/ Excluding Outstanding of Trade Credits Received from Overseas and Baht Debt Securities Issued by Thai Residents in a Market Inside Thailand and Held by Non-Residents 2/ «µ Î«Õ µ Õ È Õ µ «, µ ß πω Õ µ Õ È Õ µ «, µ Ϋâ ß π, µ Î«ß π Àÿâπ Ÿâ 2/ Including Frn, Frcd, Promissory Notes, Bills of Exchange and Bonds 3/ à «µ Àπ È ß π ËÕÕ Àπà πª» Õ ºâŸ Ëπ ËÕ àÿ πµà ߪ» 3/ Excluding Baht Debt Securities Issued by Thai Residents in a Market Inside Thailand And Held by Non-Residents Ë : «Àπ ȵà ߪ» Õß ÿ Õ π Ë à π π âõ Ÿ π Ààߪ» Source : Private Non-Bank External Debt Survey, Data Management Group, Bank of Thailand P32 π Ààߪ» µ» ß π µ

12 µ ß Ë 4 Table 4 Àπ ȵà ߪ» Õß ÿ Õ π Ë à π 1/ : π µ Õ ÿàπ È Ë À Õ Private Non-Bank External Debt 1/ : Breakdown by Remaining Maturity Èπ Õπ π 2546 As End March 2003 ( â π Õ å Õ.) (Millions of US$) ß π âÿ ß πµ µ Àπ È Àπ È ÿ Õ «Àπ È µà ߪ» ÿ ß πµ ß π 3/ µà ߪ» ºâŸ Àâ âÿ π µà ߪ» 2/ Õß ÿ Õ π Õ ÿàπ È Ë À Õ µà ߪ» Ë à π Õ ÿàπ È Ë À Õ Remaining Maturity Foreign Foreign Baht Debt 3/ Total Private Remaining Maturity Currency Currency Non-Bank Loans : Debt External Borrowed Securities 2/ Debt from Non-residents (4) = (1) + (1) (2) (3) (2) + (3) ËÕ «ß & à Àπ «3, ,508 4,735 At call & no age à π 1 ªï 4,079 1, ,129 Less than or equal to 1 Year «à 1 ªï 2 ªï ,113 More than 1 Y 2 Y «à 2 ªï 3 ªï 1, ,444 More than 2 Y 3 Y «à 3 ªï 4 ªï 1, ,537 More than 3 Y 4 Y «à 4 ªï 5 ªï 1, ,6277 More than 4 Y 5 Y «à 5 ªï 6 ªï ,214 More than 5 Y 6 Y «à 6 ªï 7 ªï 1, ,861 More than 6 Y 7 Y «à 7 ªï 8 ªï ,147 More than 7 Y 8 Y «à 8 ªï - 9 ªï More than 8 Y 9 Y «à 9 ªï - 10 ªï More than 9 Y 10 Y «à 10 ªï ,005 More than 10 Years «17,651 2,705 4,582 24,939 Total 1/ à «Àπ Ȫ π ËÕ ß â Ë â µà ߪ» à «µ Àπ È ß π ËÕÕ Àπà πª» Õ ºâŸ Ëπ ËÕ àÿÿ πµà ߪ» 1/ Excluding Outstanding of Trade Credits Received from Overseas and Baht Debt Securities Issued by Thai Residents in a Market Inside Thailand and Held by Non-Residents 2/ «µ Î«Õ µ Õ È Õ µ «, µ ß πω Õ µ Õ È Õ µ «, µ Ϋâ ß π, µ Î«ß π Àÿâπ Ÿâ 2/ Including Frn, Frcd, Promissory Notes, Bills of Exchange and Bonds 3/ à «µ Àπ È ß π ËÕÕ Àπà πª» Õ ºâŸ Ëπ ËÕ àÿ πµà ߪ» 3/ Excluding Baht Debt Securities Issued by Thai Residents in a Market Inside Thailand And Held by Non-Residents Ë : «Àπ ȵà ߪ» Õß ÿ Õ π Ë à π π âõ Ÿ π Ààߪ» Source : Private Non-Bank External Debt Survey, Data Management Group, Bank of Thailand Second Quarter 2003 Economic and Financial Statistics Bank of Thailand P33

13 µ ß Ë 5 TABLE 5 Àπ ȵà ߪ» Õß ÿ Õ π Ë à π 1/ : π µ ÿ ß π Private Non-Bank External Debt 1/ : Breakdown by Currency Èπ Õπ π 2546 As End March 2003 ( â π Õ å Õ.) (Millions of US$) ß π âÿ ß πµ µ Àπ È Àπ È ÿ ß π 3/ Õ «Àπ È µà ߪ» ÿ ß π µà ߪ» Õß ºâŸ Àâ âÿ πµà ߪ» µà ߪ» 2/ ÿ Õ π ÿ ß π Ë à π ÿ ß π Currency Foreign Currency Foreign Currency Baht-denominated Total Private Currency Loans : Borrowed Debt Loans & Debt Non-Bank From Non-residents Securities 2/ Borrowed from External Debt Non-resident 3/ (1) (2) (3) (4) = (1) + (2) + (3) Õ å Õ. 13,561 2, ,883 US DOLLAR 0 0 4,582 4,582 THAI BAHT π 2, ,828 JAPANESE YEN Ÿ EURO «ø ß å SWISS FRANC ªÕπ å µõ å ß å POUND STERLING ŒàÕß ß Õ å HONG KONG DOLLAR ß ª å Õ å SINGAPORE DOLLAR ÕÕ µ π Õ å AUSTRALIAN DOLLAR π π Õ å CANADIAN DOLLAR ß µ MALAYSIAN RINGGIT Õ Ëπ Ê OTHER «17,651 2,705 4,582 24,939 TOTAL 1/ à «Àπ Ȫ π ËÕ ß â Ë â µà ߪ» à «µ Àπ È ß π ËÕÕ Àπà πª» Õ ºâŸ Ëπ ËÕ àÿÿ πµà ߪ» 1/ Excluding Outstanding of Trade Credits Received from Overseas and Baht Debt Securities Issued by Thai Residents in a Market Inside Thailand and Held by Non-Residents 2/ «µ Î«Õ µ Õ È Õ µ «, µ ß πω Õ µ Õ È Õ µ «, µ Ϋâ ß π, µ Î«ß π Àÿâπ Ÿâ 2/ Including Frn, Frcd, Promissory Notes, Bills of Exchange and Bonds 3/ à «µ Àπ È ß π ËÕÕ Àπà πª» Õ ºâŸ Ëπ ËÕ àÿ πµà ߪ» 3/ Excluding Baht Debt Securities Issued by Thai Residents in a Market Inside Thailand And Held by Non-Residents Ë : «Àπ ȵà ߪ» Õß ÿ Õ π Ë à π π âõ Ÿ π Ààߪ» Source : Private Non-Bank External Debt Survey, Data Management Group, Bank of Thailand P34 π Ààߪ» µ» ß π µ

14 µ ß Ë 5.1 TABLE 5.1 Àπ ȵà ߪ» Õß ÿ Õ π Ë à π 1/ : π µ ª» Private Non-Bank External Debt 1/ : Breakdown by Location Èπ Õπ π 2546 As End March 2003 ( â π Õ å Õ.) (Millions of US$) ß π âÿ ß πµ µ Àπ È Àπ È ÿ ß π 3/ Õ «Àπ È µà ߪ» ÿ ß π µà ߪ» Õß ºâŸ Àâ âÿ πµà ߪ» µà ߪ» 2/ ÿ Õ π ª» Ë à 𠪻 Country Foreign Currency Foreign Currency Baht-denominated Total Private Country Loans : Borrowed Debt Loans & Debt Non-Bank From Non-residents Secturies 2/ Borrowed from External Debt Non-resident 3/ (1) (2) (3) (4) = (1) + (2) + (3) ˪ÿÉπ 5, ,403 JAPAN À Õ 1, ,709 5,164 UNITED STATES OF AMERICA ß ª å 2, ,635 SINGAPORE Õ π 1, ,981 GERMANY ŒàÕß ß 1, ,637 HONG KONG À Õ ,320 UNITED KINGDOM Ω Ëß» FRANCE π Õ å π å NETHERLANDS «µ Õ å π å SWITZERLAND øîπ π å FINLAND µâà«π TAIWAN, PROVINCE OF CHINA À ( µâ) REPUBLIC OF KOREA Õ å π å IRELAND «π SWEDEN ª π PANAMA Õ ËπÊ 1,232 1, ,691 OTHER «17,651 2,705 4,582 24,939 Total 1/ à «Àπ Ȫ π ËÕ ß â Ë â µà ߪ» à «µ Àπ È ß π ËÕÕ Àπà πª» Õ ºâŸ Ëπ ËÕ àÿÿ πµà ߪ» 1/ Excluding Outstanding of Trade Credits Received from Overseas and Baht Debt Securities Issued by Thai Residents in a Market Inside Thailand and Held by Non-Residents 2/ «µ Î«Õ µ Õ È Õ µ «, µ ß πω Õ µ Õ È Õ µ «, µ Ϋâ ß π, µ Î«ß π Àÿâπ Ÿâ 2/ Including Frn, Frcd, Promissory Notes, Bills of Exchange and Bonds 3/ à «µ Àπ È ß π ËÕÕ Àπà πª» Õ ºâŸ Ëπ ËÕ àÿ πµà ߪ» 3/ Excluding Baht Debt Securities Issued by Thai Residents in a Market Inside Thailand And Held by Non-Residents Ë : «Àπ ȵà ߪ» Õß ÿ Õ π Ë à π π âõ Ÿ π Ààߪ» Source : Private Non-Bank External Debt Survey, Data Management Group, Bank of Thailand Second Quarter 2003 Economic and Financial Statistics Bank of Thailand P35

15 µ ß Ë 6 TABLE 6 Àπ ȵà ߪ» Õ π Ë à π Èπ π«2545 Èπ π 2546 Private Non-bank External Debt at the end of December 2002 and of March 2003 ( â π Õ å Õ.) (Millions of US$) ª Ë π ª ß /.. 45 Dec. 02 Mar. 03 Changes Mar. 03 / Dec Àπ È ß π Ÿâ 17, , Foreign currency loans : Borrowed from non-residents 2. µ Àπ È 2, , Foreign currency debt secturies 3. Àπ È ß π 4, , Baht-denominated loans & debt securities borrowed from non-resident «Àπ È Ë â «ª âõ Ÿ µ.µ , , Debt from Surveys and adjusted data using F.T. 3,4,5 4. Àπ È Ëª æ Ë Èπ ( ÿà Ë Á âõ Ÿ à â) Estimated debt (uncollected data) 4.1 Àπ È « Long-term debt 4.2 Àπ È Èπ Short-term debt «Àπ È ß π Ÿâ µ Àπ È Õ π Ë à π 25, , Total Private Non-Bank External Debt 5. Ë Õß ª Ë π ª ßÀπ È 5. Sources of Debt Changes 5.1 πàπ È ÿ (µ.µ ) Net repayment Inflow + 1, Inflow Outflow 1, Outflow 5.2 Àπ È Ë ª Ë π ª ß Õ µ ª Ë π Debt Changes from exchange rate 5.3 Àπ È Ë æ Ë Èπ ß π Ÿâ Ë àπ ß π â Debt Increase from borrowings without foreign currency inflow 5.4 ª ß â ßÀπ È Debt restructuring 5.5 Õ ËπÊ ( àπ Õπ ß πà Õ ß π â FCD Others (i.e. transfer to/from FCD A/C abroad, πµà ߪ» ß π.µ. ß à àß â F.T. Reports are not yet available, repay locally in Baht) à ß π 𪻠ªìπµâπ) Inflow Inflow Outflow Outflow 5.6 «ª Ë π ª ßÀπ È π µ Ë 1 ªï Total changes in the first quarter of year 2003 P36 π Ààߪ» µ» ß π µ

16 P36 π Ààߪ» µ» ß π µ