Fitch gives BBB+ nod to SCB dollar issue

Breaking News January 28, 2019 12:42

By The Nation

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Fitch Ratings expects to assign a “BBB+(EXP)” rating to Siam Commercial Bank Plc’s (SCB, BBB+/Stable/BBB+) proposed US dollar senior unsecured notes as part of the bank’s Cayman Islands branch’s $3.5-billion medium-term note programme.

The notes will be issued with tenures of five and/or 10 years. 

SCB plans to use the income for general corporate and funding purposes.

The final rating is subject to the receipt of final documentation conforming to information already received

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