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Agencies rate SCB's $2.5-bn MTN issue
Three agencies have assigned ratings for Siam Commercial Bank’s US$2.5-billion (Bt76-billion) medium-term note (MTN) programme, which was recently revised to allow issue of subordinated notes in addition to senior notes. The notes will be issued by the bank’s Hong Kong branch and listed on the Singapore Exchange.
Fitch Ratings assigned the “BBB+” rating for the issue. Moody’s Investors Service assigned “A3”, with stable outlook. Standard & Poor’s Ratings Services assigned its “BBB+” long-term issue rating to the notes.
RS eyes Bt500m digital income
RS forecasts revenue from its digital business at Bt500 million this year, according to executive vice president Apicha Honghirunruang.
RS estimates the total value of the digital music market value this year will reach Bt1.2 billion, of which 77 per cent is from ringtones and the rest is music downloads.
40,000 car orders expected at show
The 33rd Bangkok International Motor Show expects to see orders for 40,000 cars, higher than last year.
This year’s motor show, which is under the “Technology Difference” concept, is scheduled for March 28 to April 8 at Muang Thong Thani Exhibition and Convention Centre.
Of the anticipated 40,000 orders at this year’s event, 15,000 are expected to be for eco-cars.
