SCB sub-debts sold out
Play
Siam Commercial Bank has received overwhelming interest in the Bt20 billion 10-year subordinated debentures, which are issued to raise long-term funding and tier-2 capital.
While the offering period was set to end on Feb 23, the debentures were sold out on Feb 22.
SCB President Kannikar Chalitaporn thanked all buyers who showed their confidence in the bank.
"This success reflects the confidence of our customers and investors in the bank's solid financial status and outstanding performance. SCB is fully committed to delivering total solutions designed to meet the different demands of each customer segment by our expert teams, who truly understand our customers," she added.
The debentures offer the coupon rate of 4.5 per cent per annum, payable every three months. The issue comes with a call option.
