The Thai government will formally announce today or tomorrow that it has appointed a group of four banks to lead the Bt24 billion $600 million securitization deal that will finance the construction of a new government office complex.
The four - Bangkok Bank, Government Savings Bank, HSBC and TMB - beat out a field of over 60 other banks who were also bidding for the transaction. The three other main bidding consortia were Deutsche Bank and Bank Thai Standard Chartered with Kasikorn, Krung Thai and Siam Commercial Bank and Citigroup on its own.
According to those who were beaten and to some earlier press reports, the mandate...
