Thailand’s Indorama Ventures looks to launch Schuldscheine

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By Silas Brown
27 Jan 2020

Indorama Ventures, a petrochemicals company headquartered in Bangkok, has mandated banks to raise Schuldscheine via a European subsidiary, according to several people familiar with the situation. The deal is a further sign of the instrument’s growing popularity in East Asia.

BayernLB, HSBC, LBBW and ING are arranging the transaction, according to two sources. The deal is not expected in the next few weeks, but could occur in the first half of this year.

“Indorama is quite international, from a nice sector and has European operations — so it ...

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