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Published on 9/25/2019 in the Prospect News Emerging Markets Daily.

New Issue: Bangkok Bank sells $1.2 billion offering of 3.733% notes due 2034

Chicago, Sept. 25 – Bangkok Bank PCL priced a $1.2 billion new offering of 3.733% fixed-rate subordinated notes (Baa3//BBB) due 2034, according to a notice.

Morgan Stanley & Co. International plc, Citigroup Global Markets Inc., Credit Suisse (Singapore) Ltd. and Hongkong and Shanghai Banking Corp. Ltd. are the lead managers and bookrunners for the Rule 144A and Regulation S deal.

The issuer is a commercial banking group based in Bangkok, Thailand.

Issuer:Bangkok Bank PCL
Issue:Subordinated notes
Amount:$1.2 billion
Maturity:2034
Bookrunner:Morgan Stanley & Co. International plc and Citigroup Global Markets Inc., Credit Suisse (Singapore) Ltd. and Hongkong and Shanghai Banking Corp. Ltd.
Coupon:3.733%
Announcement date:Sept. 25
Listing date:Sept. 26
Ratings:Moody's: Baa3
Fitch: BBB
Distribution:Rule 144A and Regulation S

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