TMB Bank will issue Bt4 billion subordinated unsecured bonds, to refinance its 12th 5-year issue which will mature this month.
The proceeds will further maintain the bank's capital fund which is now 17.1 per cent of risk-weighted assets, compared to 13.9 per cent in 2008.
President and CEO Boontuck Wungcharoen said the proceeds will also facilitate lending which is expected to grow 10 per cent this year: loans to small and medium enterprises will grow 20 per cent, large-sized corporations 10 per cent, and retail borrowers 7-8 per cent.
Subscriptions for the bonds are during March 24-April 1 at all 486 branches nationwide.
The 10-year bonds can be redeemed at the end of the fifth year. During the first five years, 4.7 per cent per annum coupon rate is on offer, and 6 per cent in the last five years.
