Krung Thai Bank debentures earn AA rating

Corporate October 05, 2017 14:34

By The Nation

Fitch Ratings (Thailand) has given a stable National Long-Term Rating of AA to Krung Thai Bank’s upcoming baht-denominated, Basel III-compliant Tier 2 subordinated unsecured debentures.

At issue, the debentures will have a tenure of 10 years, with an option to redeem after five years. The bank plans to use the proceeds from the issuance to manage its liquidity as well as serve general corporate purposes.