Bangkok Bank Public Company Limited Offshore Offering and Issuance of US$1.2 Billion Senior Unsecured Notes under its US$3,000,000,000 Global Medium Term Note Program

Stocks and Financial Services Press Releases Thursday September 20, 2018 14:31
Bangkok--20 Sep--Bangkok Bank

Bangkok Bank Public Company Limited (the Bank), acting through its Hong Kong Branch, has offered and issued the following 2 tranches of US$1.2 billion senior and unsecured notes (the Notes) under its US$3,000,000,000 Global Medium Term Note Program to investors in the offshore debt capital markets:

1st Tranche:
  • Tenor: 5.5 years
  • Coupon: 4.050% p.a.
  • Issue Size: US$600,000,000
  • Issue Date: 19 September 2018
  • Maturity Date: 19 March 2024
2nd Tranche:
  • Tenor: 10 years
  • Coupon: 4.450% p.a.
  • Issue Size: US$600,000,000
  • Issue Date: 19 September 2018
  • Maturity Date: 19 September 2028

The coupons of the Notes will be payable semi-annually and the Notes will be redeemed at their principal amount on their respective maturity date. The Notes are listed on the Singapore Exchange Securities Trading Limited (SGX-ST). Morgan Stanley & Co. International plc and Citigroup Global Markets Inc. acted as joint lead managers for the offering of the Notes to offshore investors.

The offering and issuance of the Notes were successfully completed on 19 September 2018. These Notes issued by the Bank are part of an overall financing strategy which allows the Bank to diversify its sources of funding towards longer-term stable USD funding.

The Bank is the largest commercial bank in Thailand by assets and has the largest international presence among Thai banks. The Bank began its operations on December 1, 1944 and has been listed on the SET since 1975. The Bank has been assigned credit ratings of Baa1, BBB+ and BBB+ by Moody's, S&P and Fitch Ratings, respectively. Moody's, S&P and Fitch Ratings have respectively assigned a rating of Baa1, BBB+ and BBB+ for the Notes.


"This document is not an offer to purchase or sell, or solicitation of an offer to purchase or sell securities in the United States. The securities referred to herein have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. The Bank does not intend to register any part of the offering in the United States or to conduct a public offering of securities in the United States.

Nothing in this document constitutes an offer, sale or solicitation of an offer to purchase or sell of securities in Thailand or any jurisdiction where it is unlawful to do so."

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