By Cristal Cody
Chicago, June 10 – Bangkok Bank PCL priced $750 million of 4.3% five-year notes (BBB+) on Wednesday, a market source told Prospect News.
The notes priced with a 130 basis points spread over Treasuries, lower than talk in the 175 bps area.
Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC were bookrunners.
The issuer is a commercial banking group based in Bangkok, Thailand.
| Issuer: | Bangkok Bank PCL
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| Amount: | $750 million
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| Issue: | Senior notes
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| Maturity: | June 15, 2027
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| Bookrunners: | Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC
|
| Coupon: | 4.3%
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| Spread: | Treasuries plus 130 bps
|
| Trade date: | June 8
|
| Ratings: | S&P: BBB+
|
| Price talk: | Treasuries plus 175 bps area
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