Bangkok--5 Oct--EXIM Thailand
EXIM Thailand appointed Mizuho and Daiwa as the joint lead managers for the floating rate notes (FRN) worth 150 Million US Dollars which will be offered to lead financial institutions to raise funds for the expansion of EXIM Thailand’s loans.
Mr. Somphan Eamrungroj, Acting President of Export-Import Bank of Thailand (EXIM Thailand), together with Mr. Koichi Kubo, Managing Executive Officer, Head of Global Coverage Group, Mizuho Securities Company Limited (Mizuho), and Mr. Sung Ho Kang, President of Daiwa Capital Markets Singapore Limited (Daiwa), signed an agreement to appoint Mizuho and Daiwa as joint lead managers of EXIM Thailand’s FRN sale worth 150 Million US dollars at EXIM Thailand’s Head Office on October 4, 2010.
According to the Acting President of EXIM Thailand, of the total FRN amount of 150 Million US Dollars, 100 million USD will have 4 years maturity with a redemption date in 2014 while the rest 50 million USD will mature in 6 years in 2016. With Mizuho and Daiwa as the joint lead managers, the FRN will be offered to all leading financial institutions and is aimed to raise funds for refinancing EXIM Thailand’s maturing debts within the year 2010 as well as preparing for further expansion of the Bank’s lending. The FRN issuance is backed by EXIM Thailand’s credibility as the government’s financial institution which has satisfactory operating results and clear mandate to fully support Thailand’s export and investment activities for national development.
This marks EXIM Thailand’s 6th FRN offering after its five successful issues in 1995, 2005, 2006, 2008 and 2010.
For further information, please contact Public Relations Division, Office of Top Management
Tel. 0 2271 3700, 0 2278 0047, 0 2617 2111 ext. 1140-7