Thai Farmers successfully recaps with $875m placement, but BBL offer is set to face more obstacles

27 Mar 1998

THAI Farmers Bank (TFB) succeeded in a major recapitalisation yesterday (Thursday) when it sold 376m shares raising Bt33.1bn ($857m) via a private placement * short of initial estimates but enough for its needs, according to bankers close to the deal. Bankers reported a high quality book for ...

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