Thailand's currency war

Exempting domestic currency government bonds from withholding tax is long overdue in South and East Asia as it would have a significant economic impact.

The Australian regulator has cited four proceedings at the bank spanning misconduct across ANZ's institutional and retail divisions, including over the management of a A$14bn government bond issue; ANZ, which is cutting 3,500 jobs, has admitted to "unconscionable conduct" and apologised.

As the bank eyes a record fundraising year, acting CFO Domenico Nardelli talks infrastructure, bonds, hard to price risks, and market opportunities.

Consisting of two tranches, the notes are the first US dollar-denominated subordinated perpetual notes from the Thai issuer.

Benjarong Suwankiri, a former vice minister for finance, will join Thailand's exchange in October.

The proceeds from institutional investors will be primarily used to support the Luang Prabang Hydroelectric Power Project in Laos.