Kasikornbank, or KBANK, informed the Stock Exchange of Thailand that on September 17, 2026, the bank issued subordinated instruments qualifying as Tier 2 capital worth 800 million US dollars, offered in full to institutional investors overseas through its Hong Kong branch. The instruments have a 10-year tenor, a fixed interest rate of 6.278 percent per year, with interest paid every 6 months, and received a credit rating of Ba1 from Moody's Investors Service. They will be listed on the Singapore Exchange, with BNP Paribas, Citigroup, J.P. Morgan and Standard Chartered Bank acting as joint distribution managers. Mr. Chongrak Rattanapian, President of Kasikornbank, disclosed that this bond issuance is part of the bank's long-term capital management plan, and the bank has the right to redeem early upon completion of 5 years. The offering drew strong interest from foreign institutional investors, with total subscriptions reaching a peak of approximately 2.6 billion US dollars, from both leading institutional investors and new institutional investors such as sovereign wealth funds, which helped broaden the bank's foreign investor base. Broken down by region, more than 60 percent was allocated to investors in Asia, with the remainder allocated to investors from other regions such as Europe. The transaction aims to support the management of the bank's capital structure in line with its business plan, ahead of the redemption of the existing subordinated bonds counted as Tier 2 capital in October 2026.
Kasikornbank Public Company LimitedKBANK issued $800M of Tier 2 subordinated bonds, drawing $2.6B in subscriptions and broadening its foreign investor base as part of its long-term capital management plan.
BNP Paribas SA
Standard Chartered PLC
Citigroup Inc.
JPMorgan Chase & Co
Moodys Corporation