Bangkok--8 Jul--Bangkok Bank
Bangkok Bank was chosen as Thailand’s Best Bond House by ‘FinanceAsia’, Asia’s leading financial magazine, for its outstanding performance in the Thailand bond market and its strength as the country’s leading bond distributor. It received special praise for its achievements in issuing the Finance Ministry’s government amortising bonds and inflation-linked bonds along with the debentures of many Thai private companies over the past year.
Bangkok Bank Senior Vice President and Corporate Finance Department Manager, Mr. Surabhan Purnagupta, said the bank is proud of its success in winning ‘Thailand’s Best Bond House 2013’ award from FinanceAsia Magazine.
FinanceAsia Magazine reported that Bangkok Bank topped the league tables and demonstrated its leadership in a number of major bond deals. Bangkok Bank was the only domestic arranger for the 25-year tenor bonds issued by the Ministry of Finance which raised Baht 30 billion — the largest and longest-tenor local currency amortised bonds to be issued in an ASEAN country.
Notably, Bangkok Bank was the only domestic arranger on the deal, alongside Deutsche Bank and HSBC. While the foreign banks structured the deal, Bangkok Bank proved its distribution strength, helping to place the bonds to onshore pension funds and life insurers, and broadening the Ministry of Finance’s investor base for long-dated bonds. For the inflation-linked bonds, Bangkok Bank was one of two local banks, alongside KTB. Bangkok Bank also acted as sole arranger for a number of bond issues for Easy Buy and Bangkok Dusit Medical Services. On a joint basis, it has arranged substantial bond issues for major companies including PTT and Siam Cement.
Mr. Surabhan added that the bank is proud of its role in helping to develop Thailand’s debenture market by offering quality debentures to investors and protecting the interests of all parties, including debenture issuers and investors. The bank is also proud to have earned the trust of leading corporations in Thailand as their debentures’ distributor.
Institutions and retail investors interested in investing in debentures should follow the bank’s announcements regarding debenture offerings from reliable companies, which have placed their trust in Bangkok Bank as their financial consultant and distributor. For more information, please call the Corporate Finance Department at (66) 2-230-2328.