Bangkok--12 Feb--HSBC
HSBC has been named Best Debt House in Thailand in The Asset Triple A Country Awards 2014 for the second consecutive year, among other leading awards in the region.
“HSBC enjoys a leading presence in Thailand’s debt capital market, having managed debt transactions for Thai issuers across a wide spectrum of products including Thai baht bonds, US dollar bonds, US dollar hybrids, US dollar bank capital securities and structured finance,” said The Asset in its coverage of the award.
The win also highlights the extent to which HSBC has capitalised on collaboration amongst its global network and local resources to enhance the bank’s market-leading Debt Capital Markets platform.
In addition to Best Debt House, HSBC was awarded Best Deal in Thailand for PTT Exploration and Production’s US$1 billion subordinated perpetual capital securities, in which HSBC acted as one of the joint bookrunners and joint lead managers. In its commentary of the deal, The Asset stated: “The transaction represented the first ever US dollar hybrid issuance by a Thai corporate, the largest ever hybrid by an Asean issuer and the first ever rated hybrid by an Asean corporate. The transaction was also the largest ever bond offering by PTTEP.”
These accolades were presented at The Asset’s awards ceremony hosted recently in Hong Kong. Mr Prakob Phiencharoen (2nd right), Head of Debt Capital Markets, HSBC Thailand, celebrated the prestigious awards with other HSBC award winners from across the region.