KBank issues $400m unsecured notes
Kasikornbank recently announced that it had issued US$400 million 3.256 per cent, 5 and a half years senior unsecured notes due in 2023.
The objective of the issuance is to refinance existing notes that will mature this year and support the potential growth in foreign currency-denominated loans as well as enhance KBank’s foreign currency liquidity. This 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.