At A Glance
$400m in unsecured notes
KASIKORNBANK has issued US$400 million worth of senior unsecured notes with a fixed interest rate of 3.256 per cent per annum and a tenor of 5.5 years, scheduled for maturity in 2023.
Objective of the issuance is to refinance existing notes that will become mature this year and support the potential growth in foreign currency-denominated loans as well as enhance KBank’s foreign currency liquidity, which will also help KBank maintain appropriate financial costs in the long run.
The notes were issued through KBank’s Hong Kong branch and were rated Baa1 by Moody’s, BBB+ by S&P and Fitch.
97 per cent and 3 per cent of the notes were allocated to investors in Asia, Europe, respectively, comprising of various types of investor, such as banks & private banks, fund managers & asset managers, central banks and insurances.
Citigroup, Deutsche Bank, and Standard Chartered Bank acted as joint book-runners and lead managers. KGI Bank acted as Co-Manager.
New GM at Centara Hotels & Resorts
Thirayuth Chirathivat, Chief Executive Officer of Centara Hotels & Resorts, has announced the appointment of James Robert Wilson as general manager of Centara Grand at Central Plaza Ladprao Bangkok, effective immediately.
Wilson is a British national and a graduate in hotel management. He has almost 30 years of hotel experience in Europe, Middle East and Asia.
