KTB prints Thailand's first ever dollar Basel III bond

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By Isabella Zhong
26 Jun 2014

Krungthai Bank (KTB) issued Thailand’s first ever dollar denominated Basel III instrument on Thursday June 19. Despite the country's political turmoil in the background, KTB’s bond was met with a strong response from investors. As a result, the issuer increased the size of the bond to accommodate the demand.

Thailand has been under martial law since May 22 following the ousting of former prime minister Yingluck Shinawatra three weeks earlier. However, the military coup in Thailand appeared to have left the country’s credits unscathed.

“In fact credit spreads have tightened up by a few basis points since ...

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