Krung Thai scores tight price to peers with $500m

07 Mar 2013

Krung Thai Bank made its international bond debut this week, managing to get away with a tight discount to its local rivals despite hitting the market amid a swathe of supply from the rest of Asia.

Bank of America Merrill Lynch and Standard Chartered managed the deal, and generated around $2.35bn of demand from around 200 different investors. That allowed them to price the 5.5 year bond at 155bp over Treasuries, a good level for the bank given where its peers were trading, said ...

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