Krung Thai sells Thailand's first Basel III bond

Thailand’s fourth-biggest lender raises a $700 million Basel III-compliant Tier 2 offering, the country's first from the bank capital space, despite investor scepticism.
Anti-government protesters march
Anti-government protesters march

Krung Thai Bank sold a $700 million 10.5-year bond — Thailand’s first ever Basel III instrument — despite ongoing investor scepticism as to whether the government will extend extraordinary support to such instruments.

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