Water provider's IPO in demand on first day

TTW will offer 65 per cent of the shares to institutional investors and 35 per cent to retail investors at an indicative price of Bt4.50 per share. The stock of the industrial water provider will start trading on May 22.

Thanachart rates high

Thanachart Bank's Bt5-billion seven-year subordinated bonds were two times oversubscribed, thanks to an "A" rating and "A+" corporate rating it received from locally based Tris Rating Information Service.

Chief executive officer Suphadej Poonpipat attributed its success to attractive coupon rates - 5.1 per cent in the first three years and 6 per cent in the following years.

The proceeds will increase the company's second-tier capital base. The bonds were open for subscription from May 6-8.