Kasikornbank has issued subordinated bonds qualifying as Tier 2 capital worth 800 million US dollars through its Hong Kong branch to support 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 at the end of 5 years. This bond series received a credit rating of Ba1 from Moody's and is listed on the Singapore Exchange, with BNP Paribas, Citigroup, J.P. Morgan and Standard Chartered Bank acting as joint distribution managers. The offering drew interest from foreign institutional investors, with subscriptions peaking at approximately 2.6 billion US dollars. Broken down by region, more than 60 percent was allocated to investors in Asia, while the remainder was allocated to investors from other regions such as Europe. This bond issuance comes ahead of the redemption of the existing subordinated bonds qualifying as Tier 2 capital in October 2026.
Kasikornbank Public Company LimitedKasikornbank issued $800M in 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
