TMB Public Bank became the first major Thai bank to issue dollar-denominated debt since 2014 on Wednesday with a capped $300 million issue.
The five-and-a-half-year Reg S offering also marks TMB's first transaction in a decade and will rank as its only outstanding dollar-denominated offering.
The Kingdom's banks have only ever made rare forays into the international debt markets.
Issuance has been particularly sparse since a military coup ousted the country's last democratically elected prime minister, Yingluck Shinawatra, in May 2014 and replaced her with General Prayuth Chan-ocha.
Unsurprisingly, this rarity value combined with the bond market's current...
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