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Thailand's TMB Bank to redeem remaining perpetual tier 1 securities
By Marisa Wong
Madison, Wis., March 30 - TMB Bank PCL announced that it will redeem the remaining outstanding principal amount of its $200 million perpetual non-cumulative tier 1 securities on May 3.
The outstanding securities, which total $5.32 million, will be redeemed at par.
TMB is a state-controlled bank based in Bangkok.
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