KBank maximises on rarity value for tight print

Thai_baht_coins_230px.jpg
By Addison Gong
10 Jan 2018

Thailand’s Kasikornbank prioritised price over size for its return to the bond market this week, selling a $400m deal at a level that forced some investors to stay away.

It is no secret that many investors in Asia are keen to diversify away from Greater China, which has seen issuance numbers explode in recent years. So KBank's Tuesday deal was a natural attraction, given dollar bonds sold by Thai issuers are few and far between.

In 2017, ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial