Kasikornbank, or KBANK, raised $800 million through the issuance and offering of subordinated notes qualifying as Tier 2 capital via its Hong Kong branch on September 17, 2026. The notes are designated U.S.$800,000,000 6.278 per cent. Tier 2 Subordinated Notes due 2036, issued under a U.S.$4,000,000,000 Euro Medium Term Note Programme. The notes are subordinated, unsecured and have no noteholders' representative. They qualify as Tier 2 capital under the criteria of the Bank of Thailand and include provisions allowing them to absorb losses of KBANK under specified conditions. The notes have a tenor of 10 years, maturing on September 17, 2036, carry a fixed interest rate of 6.278 per cent per annum, with interest paid every six months. The offering is aimed entirely at institutional investors overseas and is not offered in the United States or in Thailand. The notes are rated Ba1 by Moody's Investors Service. KBANK has received approval from the Securities and Exchange Commission. Any purchase, sale or transfer of the notes must be conducted overseas only.
Kasikornbank Public Company LimitedKBANK raised $800M in Tier 2 subordinated notes at 6.278%, bolstering its regulatory capital.
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