Bangkok Bank saves on ‘extremely rare’ Thai tier two

By Addison Gong
17 Sep 2019

Strong demand for Bangkok Bank’s dollar-denominated Basel III-compliant tier two transaction allowed Thailand’s largest lender to sell a bigger deal at a tighter price than expected, writes Addison Gong.

The Baa3/—/BBB rated bond came with an unusual structure for an Asian bank tier two deal, being a 15 year non-call 10.

While most lenders in Asia have preferred the 10 year non-call five structure for their tier two deals, Bangkok Bank wanted to do something different and ...

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