SCB's $600mn notes 3-times oversubscribed

 The bank said in a statement that it received huge demand from investors in Asia, Europe and the United States. The notes were distributed 62 per cent in Asia, 26 per cent in Europe, and 12 per cent in the US. Of total, 38 per cent went to fund managers, 31 per cent to banks, 15 per cent to central banks / public institutions, 9 per cent to insurance funds and 7 per cent to private banks. Barclays Capital and Citigroup acted as joint bookrunners and lead managers.
 The 5-year notes, issued by Hong Kong branch, are rated "A3" by Moody's Investors Service, "BBB+" by Standard & Poors Ratings Services and BBB+ by Fitch Rating. The coupon rate is finalised at3.375 per cent per annum, priced 252.5 basis points over the 5-year US Treasury Note.
 “The strong order book and the fine pricing is a testimony to the credibility and strength of our franchise amongst the global investor base. Siam Commercial Bank sets out to create a benchmark transaction and is pleased to have demonstrated, yet again, the strong interest in Thai issues across the global capital markets,” said SCB President Kannikar Chalitaporn.
 The dollar-denominated notes is the first from Thailand since May 2011. SCB was also the last issuer.
 The notes will be used to increase the funding requirements and for general purposes.