By Marisa Wong
Madison, Wis., Feb. 15 - Kasikornbank PCL said it issued 22 billion baht of subordinated debentures on Wednesday.
The debentures have a maturity of 10 years and a fixed coupon of 4½%.
The debentures were priced at par of 1,000 baht each.
The Bangkok-based bank issued the bonds to enhance its long-term funding with optimal interest rates. Proceeds from the issuance will be counted as tier 2 capital.
Fitch Ratings (Thailand) Ltd. assigned an AA- rating to the bonds.
| Issuer: | Kasikornbank PCL
|
| Issue: | Subordinated debentures
|
| Amount: | 22 billion baht
|
| Maturity: | 10 years
|
| Coupon: | 4½%
|
| Price: | Par of 1,000 baht
|
| Yield: | 4½%
|
| Settlement date: | Feb. 15
|
| Rating: | Fitch (Thailand): AA-
|
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