Second-tier Thai banks to debut in USD bond market

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Second-tier Thai banks to debut in USD bond market

September 20, 2012

From Frances Yoon

Smaller Thai lenders may issue US dollar bonds due to improved liquidity conditions and stronger economic fundamentals, but that may require them to pay more compared to stronger rivals.

Thailand’s second-tier banks may emerge as the next batch of lenders to tap the US dollar bond market, as strong economic fundamentals and improved liquidity conditions ignite investor appetite for Thailand credit.

The country’s largest banks Bangkok Bank, Siam...

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SOUTHEAST ASIA DCM

Rank

Bookrunner Parents

Deal Value $ (Proceeds) (m)

No.

%share

2012 YTD Rank

Standard Chartered Bank

3,991

8.9

HSBC

3,710

8.3

Goldman Sachs

3,333

7.4

Deutsche Bank

2,895

6.4

Citi

2,774

6.2

JPMorgan

2,288

5.1

DBS

2,106

4.7

Siam Commercial Bank

1,835

4.1

Barclays

1,586

3.5

CIMB Group

1,523

3.4

Subtotal

26,040

123

57.9

Total

44,958

212

100.0

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