Thailand - Weerawong C&P advised Citigroup Global Markets, HSBC, ING Bank In The Issue Of USD 400 Million 4.90% Perpetual Additional Tier 1 Capital Securities Under The USD 3 Billion Euro Medium Term Note Programme By TMB Bank.
Legal News & Analysis - Asia Pacific - Thailand - Capital Markets
13 February, 2020
Weerawong, Chinnavat & Partners Ltd. advised Citigroup Global Markets Limited, The Hongkong and Shanghai Banking Corporation Limited, ING Bank N.V., Singapore Branch as dealers in relation to the issue of USD 400,000,000 4.90 per cent Perpetual Additional Tier 1 Capital Securities issued under the USD 3,000,000,000 Euro Medium Term Note Programme by TMB Bank Public Company Limited (TMB), Cayman Islands branch.
The deal is the first-ever Basel III-compliant Additional Tier 1 notes from Thailand and the largest USD bond issuance from TMB to date. The notes are rated Ba3 by Moody’s.
The Weerawong C&P team led by Veeranuch Thammavaranucupt, Senior Partner included James Lawden, Senior Counsel, Sappawit Jansuparerg, Senior Associate, Vijit Suthisripok, Associate and Phetrada Kampusiri, Associate.