Bangkok--14 Dec--Siam Commercial Bank
Siam Commercial Bank (SCB) and Mizuho Bank toast the inaugural issuance of Mizuho Bank's THB-denominated bonds worth 3 billion baht. This is the first bond issuance in local currency under the ASEAN Bond Market Forum's ASEAN+3 Multi-Currency Bond Issuance Framework (AMBIF) initiative. SCB First Executive Vice President and Head of Investment Banking and Capital Markets Mr.Suthipat Serirat and Mizuho Bank, Tokyo General Manager of the International Coordination Division Mr.Takahiko Yasuhara recently joined a closing ceremony held at the Grand Hyatt Erawan Bangkok. According to a recent news release from the Stock Exchange of Thailand, the AMBIF aims to boost product quantity and variety and the growth of the bond market in ASEAN+3 in response to demand from fundraisers and investors in the region. Bond issuers will be enabled to raise funds through cross-border offerings to non-retail investors with standardized documentation and processes.