Siam Commercial Bank to issue bonds overseas

Siam Commercial Bank will issue Bt40 billion in subordinated debentures in the second and third quarters.

This is part of the bank's fund raising efforts under its US$2.5 billion Global Medium Term Notes Programme.

The senior unsecured notes will be issued through its Hong Kong branch and listed on the Singapore Stock Exchange. The exact amount, maturity, and pricing of the issuance have not been finalised.

Moody’s Investors Service today announced that the tap bond offering would not change the Thai bank’s senior unsecured bond rating of "A3". The ratings firm believes that SCB’s senior debt and deposit holders would benefit from a very high level of systemic support, which results in a two-notch uplift to the bank’s A3 long-term global local currency deposit rating from its baa2 stand-alone credit assessment.

Also Read

Crédit Agricole CIB names new APAC head of int’l trade & transaction banking

Singapore unveils BL checker for banks

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit