Stocks and Financial Services Press Releases Wednesday February 20, 2019 13:36
Bangkok--20 Feb--HSBC Thailand

Corporates are looking for more innovative ways to finance for business growth, in light of a more challenging market environment. Minor International's USD300 million guaranteed senior perpetual capital securities was a remarkable showcase of innovative financing solution, for which HSBC acted as joint global coordinator, joint bookrunner and joint lead manager, providing strong support and tailored service to meet the needs of the client.

Minor International (MINT), one of the largest hospitality and leisure companies in Asia-Pacific, has successfully issued perpetual securities with a guarantee from Bangkok Bank aiming to refinance its acquisition of a bigger stake in Spain's NH Hotel Group. The bond issuance was a rare offshore financing from non-state owned Thai enterprise and was guaranteed by a Thai commercial bank -- the first such transaction to be executed in Thailand.

(In the Photo) Krisda Phatcharoen (3rd left), Head of Commercial Banking, HSBC Thailand presented a trophy to William Ellwood Heinecke (4th right), Chairman and Group Chief Executive Officer, Minor International Public Company Limited, to celebrate the success of this transaction. Other MINT executives at the event include Emmanuel Jude Dillipraj Rajakarier (3rd right), Director and COO of Minor International and CEO of Minor Hotels; Brian James Delaney (far right), Corporate Chief Financial Officer; and Chaiyapat Paitoon (2nd right), Deputy Corporate CFO & Strategic Planning; together with HSBC delegates; Gene Jenvatanavit (2nd left), Head of Corporate for Commercial Banking; and Thanatchanok Arunsawang, SVP, Commercial Relationships.

1.HSBC Thailand

HSBC was established as the first commercial bank in Thailand in 1888. HSBC provides a full range of financial services including global, commercial and institutional banking, global markets, securities services, trade and supply chain, liquidity and cash management services to corporate customers.

2. HSBC Holdings plc

HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. The Group serves customers worldwide from around 3,800 offices in 66 countries and territories in Europe, Asia, North and Latin America, and the Middle East and North Africa. With assets of US$2,558bn at 31 December 2018, HSBC is one of the world's largest banking and financial services organisations.

Latest Press Release

Five priorities for insurance businesses wanting to reap rewards amid digital transformation

Imagining customer expectations with new insurance models, focussing on talent development, and strategic collaborations with agile management are keys to marking out the front-runners, according to 'Insurance trends 2019', part of PwC's 22nd CEO Survey...

Fitch Upgrades Thailand#s TOP to #AA(tha)#; Outlook Stable

Fitch has upgraded Thai Oil Public Company Limited's (TOP) National Long-Term Rating and senior unsecured rating to 'AA(tha)' from 'AA-(tha)'. The Outlook is Stable. Fitch has also affirmed TOP's National Short-Term Rating at 'F1+(tha)'. The rating...

PwC Launches Solution Supporting Audit of Cryptocurrency

- Leading the way in providing assurance services to clients engaging in cryptocurrency activities PwC is pleased to announce an important addition to our existing "Halo" suite of auditing tools that we can use to provide assurance services for entities...

Photo Release: EXIM Thailand Supports Thai Entrepreneurs in Improving Production Efficiency with Robots and Digital Technology

Dr. Nattapol Rangsitpol (forth left), Director General of the Office of Industrial Economics, Ministry of Industry and Director of Export-Import Bank of Thailand (EXIM Thailand), together with Miss Draswan Shoowong (second left), Executive Vice President...

Fitch Upgrades Thailand#s PTT Global Chemical to #AA+(tha)#; Outlook Stable

Fitch Ratings (Thailand) Limited has upgraded PTT Global Chemical Public Company Limited's (PTTGC) National Long-Term Rating and senior unsecured rating to 'AA+(tha)' from 'AA(tha)'. The Outlook on the National Long-Term Rating is Stable. Fitch has also...

Related Topics