Roadshows begin in Hong Kong today March 16 for a $250 million upper tier 2 issue by Thai Military Bank TMB. The 10 non-call five Reg S deal is being led by DBS and JPMorgan, with pricing scheduled for Friday.
The deal marks the first true benchmark from the Thai banking sector since Bangkok Bank's $716.7 million exchange offering in January 1999. Issuance is being driven by TMB's efforts to clean up its balance sheet following a three-way merger last September.
This saw Thai Military Bank, DBS Thai Danu and the Industrial Finance Corporation of Thailand IFCT bought together to create the country's fifth...
