Fitch Confirms ICBCTLs Upsized Guaranteed Bonds at AAA(tha)(EXP)

Stocks and Financial Services Press Releases Friday September 26, 2014 11:54
Bangkok--26 Sep--Fitch Ratings

Fitch Ratings (Thailand) Limited has confirmed its rating on ICBC (Thai) Leasing Company Limited’s (ICBCTL) upcoming guaranteed bonds at expected National Long-Term ‘AAA(tha)(EXP)’. The size of the bond issue has been increased to up to THB4.3bn from up to THB3bn. The Outlook is Stable.

The final ratings are contingent upon receipt of final documents conforming to information already received and the Office of the Securities and Exchange Commission’s approval of the bond issue.
For further information, please refer to the rating action commentary titled "Fitch Rates ICBC (Thai) Leasing's Guaranteed Bonds 'AAA(tha)(EXP)'", dated 12 September 2014 on

Latest Press Release

Standard Chartered Bank: 2019 Global Economic Growth Expected to Ease Modestly

he tide is going out for the global economy. Standard Chartered Bank expects the world growth to ease modestly to 3.6% in 2019 from 3.8% in 2018. Synchronised global growth at the beginning of 2018 has given way to more divergent growth trends. Several...

Photo Release: SCB showcases its first The DOTs at China Town project to connect successes for new generation business owners

Siam Commercial Bank (SCB) is moving forward in promoting Thai SMEs recently joining with Thammasat University's Faculty of Commerce and Accountancy to organize "The DOTs" project, a new professional management skill course promoting the success of the...

Echoworx expands EU reach with new German data centre

Echoworx is pleased to announce the opening of their new data centre in Germany. This move further entrenches Echoworx's presence and competitive edge within the EU region. Known for its proven manufacturing industries, from automotive to...

EXIM Thailand Holds FX Risk Management Seminar Phase 2 to Promote the Use of FX Risk Hedging Tools for SME exporters

Mr. Chana Boonyachai (right), Executive Vice President of Export-Import Bank of Thailand (EXIM Thailand), recently welcomed Mrs. Varintorn Chaivivat (left), Vice-Director, Northern Region Office, Bank of Thailand and Mr. Kobsak Duangdee (center),...

Photo Release: Prudential Thailand organizes Agency Kick Off 2019

Mr. Aman Chowla (7th from right), Chief Executive Officer, Prudential Life Assurance together with Mr. Wichai Cheewasrirungruang (6th from left), Chief Agency Officer, Prudential Life Assurance and the executive management of Prudential Life Assurance...

Related Topics