Banks to raise Bt90 bn from short-term bonds
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Kasikornbank and Standard Chartered Bank (Thai) will issue short-term debentures worth over Bt90 billion.
In the filings to the Securities and Exchange Commission, they said the debenture maturity would be no more than 270 days. While KBank will raise Bt50 billion through a public offering, StanChart will mobilise Bt40 billion.
The issues are rated "AA" and "A-' by Fitch Rating, respectively.
Meanwhile, Quality Houses will also raise Bt3 billion from a 4-year bond issue, offering 4.59 per cent coupon rate.
