Kasikornbank has issued subordinated bonds qualifying as Tier 2 capital worth 800 million US dollars through its Hong Kong branch, to support the bank's capital structure management in line with its business plan. Mr. Chongrak Rattanapian, President of Kasikornbank, disclosed that the bonds have a 10-year term with an interest rate of 6.278% per annum, and the bank has the right to redeem them early upon completion of 5 years. The bonds received a credit rating of Ba1 from Moody's and are listed on the Singapore Exchange. BNP Paribas, Citigroup, J.P. Morgan and Standard Chartered Bank acted as joint bookrunners. The offering drew interest from foreign institutional investors, with total subscriptions reaching a peak of approximately 2.6 billion US dollars. Broken down by region, more than 60% was allocated to investors in Asia, with the remainder allocated to investors from other regions such as Europe. This bond issuance comes ahead of the redemption of the existing series of subordinated bonds qualifying as Tier 2 capital in October 2026.
Kasikornbank Public Company LimitedKasikornbank issued $800M Tier 2 subordinated bonds to support its capital structure ahead of a 2026 redemption.
BNP Paribas SA
Standard Chartered PLC
Citigroup Inc.
JPMorgan Chase & Co
Moodys Corporation
