Minor International (MINT), one of the largest hospitality and leisure companies in Asia-Pacific, has successfully issued perpetual securities with a guarantee from Bangkok Bank aiming to refinance its acquisition of a bigger stake in Spain's NH Hotel Group. The bond issuance was a rare offshore financing from non-state owned Thai enterprise and was guaranteed by a Thai commercial bank -- the first such transaction to be executed in Thailand.
(In the Photo) Krisda Phatcharoen (3rd left), Head of Commercial Banking, HSBC Thailand presented a trophy to William Ellwood Heinecke (4th right), Chairman and Group Chief Executive Officer, Minor International Public Company Limited, to celebrate the success of this transaction. Other MINT executives at the event include Emmanuel Jude Dillipraj Rajakarier (3rd right), Director and COO of Minor International and CEO of Minor Hotels; Brian James Delaney (far right), Corporate Chief Financial Officer; and Chaiyapat Paitoon (2nd right), Deputy Corporate CFO & Strategic Planning; together with HSBC delegates; Gene Jenvatanavit (2nd left), Head of Corporate for Commercial Banking; and Thanatchanok Arunsawang, SVP, Commercial Relationships.
1.HSBC Thailand
HSBC was established as the first commercial bank in Thailand in 1888. HSBC provides a full range of financial services including global, commercial and institutional banking, global markets, securities services, trade and supply chain, liquidity and cash management services to corporate customers.
2. HSBC Holdings plc
HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. The Group serves customers worldwide from around 3,800 offices in 66 countries and territories in Europe, Asia, North and Latin America, and the Middle East and North Africa. With assets of US$2,558bn at 31 December 2018, HSBC is one of the world's largest banking and financial services organisations.