Bangkok Bank Public Company Limited (SET: BBL) has issued senior and unsecured notes with a trustee under its Global Medium Term Note Program.
Notes Series 1 is issued by Bangkok Bank Public Company Limited, acting through its Hong Kong branch to overseas institutional investors. The total size is $500,000,000 with fixed 5.300% yield and will be due in 2028 with rating: Baa1 (Moody’s) / BBB+ (S&P).
The note will have tenor length of 5 years from the issue date of 21 September 2023 to the maturity date of 21 September 2028. The note will pay an interest every 21 March and 21 September of each year, starting from 21 March 2024.
Notes Series 2 is also issued by Bangkok Bank Public Company Limited, acting through its Hong Kong branch to overseas institutional investors. The total size is $750,000,000 with fixed 5.500% yield with rating: Baa1 (Moody’s) / BBB+ (S&P).
The note will have tenor length of 10 years from the issue date of 21 September 2023 to the maturity date of 21 September 2033. The note will pay an interest every 21 March and 21 September of each year, starting from 21 March 2024.
These 2 notes will have ‘Call Option’ that BBL may at any time prior to the Maturity Date, on giving not less than 15 but not more than 30 days’ prior notice to the Noteholders and to the Trustee, redeem all or some of the Notes.
Morgan Stanley & Co. International plc, Citigroup Global Markets Inc., The Hongkong and Shanghai Banking Corporation Limited and J.P. Morgan Securities plc will be the lead manager for both series.
