By The Nation
The company said in a press release on Friday that the notes will be issued under ICBCTL's Bt30 billion medium-term note programme, which Fitch affirmed at 'AAA/F1+' on September 10, 2018.
The proceeds will be used for refinancing and/or general operations.
ICBCTL's senior notes are rated at the same level as its National Long-Term Rating as they represent the company's unsecured and unsubordinated obligations.
ICBCTL's National Long-Term Rating is based on Fitch's view that the company is a core subsidiary of Industrial and Commercial Bank of China (Thai) Public Company Limited (ICBCT; AAA/Stable), as reflected by a high level of integration, history of ordinary financial support, full ownership and brand sharing.