Military junta now promising elections in 2017
TMB Public Bank became the first major Thai bank to issue dollar-denominated debt since 2014 on Wednesday with a capped $300 million issue.
The five-and-a-half-year Reg S offering also marks TMB's first transaction in a decade and will rank as its only outstanding dollar-denominated offering.
The Kingdom's banks have only ever made rare forays into the international debt markets.
Issuance has been particularly sparse since a...