SCB defies unrest to price $750m whopper

By Lorraine Cushnie
03 Apr 2014

Siam Commercial Bank overcame concerns about Thailand’s political backdrop to print a $750m five year bond on April 2, managing to tighten guidance by 30bp in the first deal from the country this year.

While the borrower had mandated banks some time ago, leads Barclays and Standard Chartered decided to launch the deal this week after a rally in secondary markets brought pricing closer to the issuer’s pricing expectations..

“We’ve had the mandate for a while but we were about 20bp-25bp away ...

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