TMB marshals bond investors

Rare international bond issue from Thailand receives a strong investor response, prompting the syndicate to dispense with any new issue premium.

TMB marshals bond investors

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...

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