Mr Seiichiro Akita, Krungsri's President and Chief Executive Officer said, "Identifying and enabling the opportunity to support the development of financial and capital markets in Thailand and across ASEAN is one of our top priorities. Following the successful inaugural Baht-denominated bond issuance in October last year, Hattha Bank completed its second issuance in pursuit of funding source diversification and alternative investment to Thai investors."
The second Baht-denominated Bonds issuance was warmly welcome by leading institutional investors including Life Insurance and Asset Management companies. This represented investors' confidence in Hattha Bank's business profile. Additionally, bringing the first cross-border bond issuer from Cambodia corporate in the Thai Bond market, it emphasizes our strength in Debt Capital Markets as well as regional capability in alignment with our focus to grow and expand in ASEAN.
This second bond was placed under Private Placement to no more than 10 institutional investors (PP10) with the issue rating of "BBB+" by TRIS Rating. At present, Hattha Bank's Baht-denominated Bonds issuance volume stood at THB 2.8 billion. The Baht-denominated Bonds were approved by the National Bank of Cambodia (NBC), the Securities and Exchange Regulator of Cambodia (SERC), the Ministry of Finance of Thailand, and the Bank of Thailand, to be able to issue Baht-denominated Bonds and allow cross-border bond transactions.
Source: Spark Communications