BBL Issues US$1 Billion Subordinated Bonds to Offshore Investors

Bangkok Bank Public Company Limited (BBL) announced that on September 23, 2021, the bank, acting through its Hong Kong branch, issued US$ 1,000,000,000 Tier 2 Subordinated Notes to overseas institutional investors that are qualified to be included in the bank’s Tier 2 capital under the bank’s Global Medium Term Note Program. Tenor is 15 years from the Issue Date, with a coupon rate of 3.466 percent per annum until (but excluding) the Optional Redemption Date, at which point the coupon rate will be reset in accordance with the reference rates specified in the Tier 2 Subordinated Notes’ terms and conditions.