Bangkok--Feb 9--EXIM Thailand
The 150 Million US Dollars floating rate notes (FRN) issued by Export-Import Bank of Thailand (EXIM Thailand) with BNP PARIBAS and Mitsubishi Securities (HK) as joint-lead managers and Mizuho Corporate Asia (HK) as co-manager were overwhelmingly received by overseas investors and sold out on the first day of the issuance.
Mr. Sataporn Jinachitra, EXIM Thailand President, revealed that the 150 Million US Dollars FRN issued on February 4, 2005, represented the Bank’s international fundraising which received great attention from foreign institutional investors especially in Japan. The FRN were all sold out on the first day of the issuance. The interest rate of this FRN is 6-month US$ LIBOR + 0.20% per year, payable semi-annually, with 5-year maturity due on February 4, 2010.
EXIM Thailand President added that this issuance marked a return to international market after an absence of almost ten years. EXIM Thailand’s international bond is well-received as the Bank has high stability, satisfactory operating results and clear business plan to pursue the role in actively promoting new exporters and supporting the business expansion of Thai exporters and investors investing overseas. The fundraising this time will be used for refinancing of maturing debts and for the Bank’s general business funding to support Thai export entrepreneurs and investors’ overseas projects.
About Export-Import Bank of Thailand
Export-Import Bank of Thailand is a financial institution wholly owned by the Royal Thai Government under the Ministry of Finance’s supervision. The Bank was established by the Export-Import Bank of Thailand Act B.E. 2536 (1993) which empowered the Bank to engage in any financial activities customary to commercial bank practices, except for accepting deposit from the general public. The Bank’s objective is to provide financial services to strengthen the competitive edge of Thai exporters and investors abroad while contributing to the earning or saving of foreign exchange.
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