Thailand allows 5 foreign banks to offer baht bonds

BNP Paribas, Banco Santander Chile, Westpac, Svenska Handelsbanken, and Woori Bank can already sell a combined $1.1bn baht-denominated bonds.

Thailand has given five foreign institutions approval to sell baht-denominated bonds worth a combined 34 billion baht ($1.1 billion) by March 31, the Finance Ministry said on Thursday.

Among the five, BNP Paribas (BNPP) can issue bonds worth 10 billion baht, Banco Santander Chile (Santander) 8 billion baht and Westpac Banking Corp 6 billion baht, the ministry said in a statement.

Svenska Handelsbanken (SHB) and Woori Bank (Woori) have clearance for issues worth 5 billion baht each, it said, according to a report in Reuters.

The approval took into account the impact on Thai corporate bond issuance, the opportunity for domestic investors to invest in quality bonds and the development of the debt market, it said.

Also Read

ANZ names Chris Raciti as country head of ANZ Singapore

Bank of America appoints Phil Carmalt as head of APAC GPS

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