Sunday April 5, 2020 22:36

Stcoks Press Release : 26 Mar 2020

TMB has released a support scheme providing liquidity to mutual fund investors with an aim to help customers in every segment from Covid-19 impact Stcoks—26 Mar 20

TMB Bank Public Company Limited or TMB announced a liquidity support scheme available to the unit holders of two TMBAM Eastspring’s funds, namely TMB Ultra – Short Bond Fund (TMBUSB) and TMB Aggregate Bond Fund (TMBABF). The aim is to help

Fitch Rates ICBCTL's Senior Notes 'AAA(tha)' Stcoks—26 Mar 20

Bangkok--26 Mar--Fitch Ratings
Fitch Ratings (Thailand) has assigned ICBC
(Thai) Leasing Company Limited's (ICBCTL, AAA(tha)/Stable/F1+(tha)) upcoming
long-term senior unsecured notes a National Long-Term Rating of 'AAA(tha)'. The
notes will be issued under ICBCTL's medium-term note programme, which was
affirmed at 'AAA(tha)/F1+(tha)' on 2 September 2019. The size of the programme
has been increased to THB40 billion, from THB30 billion, but this does not
affect the programme's ratings.
The proceeds will be used for refinancing
and general operations.
ICBCTL's senior notes are rated at the
same level as its National Long-Term Rating as they represent the company's
unsecured and unsubordinated obligations.
ICBCTL's National Long-Term Rating is
based on Fitch's view that the company is a core subsidiary of Industrial and
Commercial Bank of China (Thai) Public Company Limited (ICBCT;
AAA(tha)/Stable/F1+(tha)). ICBCTL has an important role in supporting the
bank's hire purchase, finance lease and factoring business, which comprised 38%
of ICBCT's revenue and profit in 2019. ICBCTL is also closely integrated with
its 100% parent, shares the same brand and continues to receive ordinary financial
The note ratings are sensitive to changes
in ICBCTL's National Long-Term Rating, which is at th