EXIM Thailand Holds Closing Ceremony to Celebrate Successful Issuance 300 Million USD Floating Rate Notes

Announcement date 13 December 2018
EXIM Thailand Holds Closing Ceremony to Celebrate Successful Issuance 300 Million USD Floating Rate Notes
Mr. Pisit Serewiwattana (second left), President of Export-Import Bank of Thailand (EXIM Thailand), together with Mr. Shaun Horton (far left), Director, Debt Capital Markets, Mizuho Securities Asia Limited, Mr. Aaron Gwak (far right), Managing Director, Head of Capital Market, ASEAN, Standard Chartered Bank, and Mr. Kelvin Tan (second right), Chief Executive Officer of the Hongkong and Shanghai Banking Corporation Limited (HSBC), Bangkok Branch, recently took a group photo in the closing ceremony of the USD 1,500,000,000 Euro Medium Term Notes Program at EXIM Thailand’s Head Office on December 13, 2018. Under this program which was managed by HSBC, Mizuho Securities Asia Limited, and Standard Chartered Bank, the Floating Rate Notes (FRN) worth 300 million US dollars were sold since November 20, 2018 with 5 year maturity and USD LIBOR +0.90% per annum interest rate for 3 months. The FRN Issuance was well received by overseas leading financial institutions and aimed to raise funds for refinancing EXIM Thailand’s maturing debts within the year 2018 as well as preparing for further expansion of the Bank’s business to supporting Thailand’s trade and investment both at home and overseas for national development.
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