New Issue: Thailand's Kasikornbank prices $350 million 3½% notes due 2019 at 185 bps spread

By Christine Van Dusen

Atlanta, April 22 - Thailand's Kasikornbank PCL sold $350 million 3½% notes due Oct. 25, 2019 (expected ratings: A3/BBB+/BBB+) at 99.599 to yield 3.581%, or Treasuries plus 185 basis points, on Tuesday, a market source said.

Barclays and Standard Chartered Bank were the bookrunners for the Regulation S deal.

The issuer is a Bangkok-based bank.

Issuer:	Kasikornbank PCL
Amount:	$350 million
Maturity:	Oct. 25, 2019
Description:	Senior notes
Bookrunners:	Barclays, Standard Chartered Bank
Coupon:	3½%
Price:	99.599
Yield:	3.581%
Spread:	Treasuries plus 185 bps
Trade date:	April 22
Settlement date:	April 25
Expected ratings:	Moody's: A3
	Standard & Poor's: BBB+
	Fitch: BBB+
Distribution:	Regulation S

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