Bangkok--24 Jun--KASIKORNBANK
Mr. Rithikone Phoummasack, Deputy Director General of External Finance Department, Ministry of Finance of Lao PDR, Mr. Adisorn V. Singhsacha, Managing Director of Twin Pine Consulting Co., Ltd., along with executives from Bank of Ayudhya, Krungthai Bank, KASIKORNBANK, TMB Bank and Thanachart Bank, celebrated the success of Laotian Ministry of Finance’s 4th issuance of Baht-denominated bonds. Totally valued at THB12 billion, the bonds are extended with 3-year, 5-year and 10-year tenors, offering interest rate at 3.56 percent, 4.32 percent and 5.00 percent, respectively; with IPO subscription amount 1.5 folds higher than available bonds. Offered were made to institutional and large investors to raise funds for Lao PDR’s economic development ahead of the AEC inception.