TMBThanachart starts capped tender offer for 4.9% perpetuals

By Marisa Wong

Los Angeles, Aug. 10 – TMBThanachart Bank PCL is inviting holders of its $245,667,000 outstanding 4.9% perpetual additional tier 1 capital securities (ISIN: XS2084378798) to tender their notes for purchase for cash, up to a maximum acceptance amount of $60 million, according to a notice.

The issuer is offering to purchase the securities at $970 per $1,000 principal amount. Holders will also receive accrued interest.

Tenders may be subject to proration.

The offer will expire at 11 a.m. ET on Aug. 18.

Settlement is expected to occur on or around Aug. 22.

Hongkong and Shanghai Banking Corp. Ltd. (+852 3941 0223 / +44 20 7992 6237; liability.management@hsbcib.com) is acting as the dealer manager.

Kroll Issuer Services Ltd. (: +852 2281 0114 / +44 20 7704 0880; attn.: Mu-yen Lo / Illia Vyshenskyi; ttb@is.kroll.com) is the tender and information agent.

The bank is based in Bangkok.

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