TMB aims for Thai landmark

Roadshows begin for debut offshore sub debt issue from Thailand.

Roadshows begin in Hong Kong today March 16 for a $250 million upper tier 2 issue by Thai Military Bank TMB. The 10 non-call five Reg S deal is being led by DBS and JPMorgan, with pricing scheduled for Friday.

The deal marks the first true benchmark from the Thai banking sector since Bangkok Bank's $716.7 million exchange offering in January 1999. Issuance is being driven by TMB's efforts to clean up its...

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