Krung Thai Bank begins pre-marketing

Merrill Lynch launches pre-marketing for a roughly $500 million government divestment.

Pre-marketing begins today Wednesday for a three billion share offering in Krung Thai Bank, representing 27% of the lender's issued share capital. However, while the government has been clear about its strategic goal, the lead is said to be taking a very cautious and pragmatic approach and intends to keep most of the deal's details including its launch schedule as fluid as possible.

This is hardly surprising given the renewed threat of hostilities towards Iraq and poor performance of ever single Thai bank deal since the Asian crisis. But at the same time, the current schedule allows no room for slippage this side of Christmas, since roadshows are provisionally scheduled to start on November 22,...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222