Economic TimesLean R·
Thailand's Kasikornbank launches $800 million US dollar bond sale, term sheet shows
Kasikornbank in Thailand has initiated an impressive $800 million sale of U.S. dollar Tier 2 subordinated bonds. These bonds are designed to absorb potential losses, ensuring the bank's stability in challenging times. Launching at 173 basis points over U.S. Treasuries, the offering exceeded initial forecasts. With a maturity of 10 years and an early repayment option available after five years, the funds raised will support general corporate objectives.
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